# March 2023 Inflation Update

> US CPI rose 5.0% year-over-year in March 2023, down from 6.0% in February, while core inflation rose to 5.6%. The article notes that recent OPEC production cuts pushed energy prices higher in April.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36352-march-2023-inflation-update
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher energy prices from OPEC cuts raise input and freight costs for feed and livestock producers. Persistent core inflation may keep monetary policy tight and weigh on commodity demand.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +0.8% | -6.5% |
| WTI | 2018-05-07 | [Dollar marches to 4-month high as oil rally points to higher inflation - MarketWatch](https://feedsoft.ai/events/65209-dollar-marches-to-4-month-high-as-oil-rally-points-to-higher-inflation.md) | +1.4% | -7.1% |
| WTI | 2026-03-18 | [Trading Day: Hello inflation, goodbye 2026 Fed cut \| Reuters](https://feedsoft.ai/events/20069-trading-day-hello-inflation-goodbye-2026-fed-cut-reuters.md) | -3.3% | -3.8% |
| WTI | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.8% | -9.6% |
| WTI | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +33.1% | +46.3% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/March-2023-Inflation-Update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.