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Modest CPI, but Oil Prices May Rock the Boat

March 12, 2026
By: DRL Group

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The Bureau of Labor Statistics released the Consumer Price Index (CPI) this week. Prices increased by .3% in February, and 2.4% annually, which matched forecasts. Core CPI (excluding food and energy) increased by .2% and 2.5% annually. The Fed is getting closer to its goal of 2% annual price increases, a level it maintained before the 2020 pandemic(1).

Looking ahead, economists expect higher oil prices to impact consumers, with the March figures likely to reflect this pressure. Some predict CPI could rise by 0.7%-0.8%(2), and expectations for a rate cut have mostly shifted from June to September (now at 63%).

A breakdown of some price changes:
Food at home – +2.4%
Food away from home – + 3.9%
Apparel – +1.3%
Rent – +2.7%
Medical – +4.1%
Airline – +7.1%
Motor Vehicle maintenance & repair – +5.6%
New Car Prices – +.5%
Used Car Prices – (-3.2%)

Despite improvements in several categories over recent months, consumers continue to feel persistent pressure. Gasoline prices, for example, have increased by an average of 57 cents, or 19%, since February 23rd (3). Though consumers are hopeful for relief in the oil industry, ongoing conflict could continue to affect prices.

Sources:
(1) Bureau of Labor Statistics
(2) Moneywatch
(3) https://www.cnbc.com/2026/03/11/cpi-inflation-february-2026-breakdown.html  

Securities offered through NewEdge Securities, LLC, member FINRA and SIPC. The DRL Group is not a subsidiary or control affiliate of NewEdge Securities, LLC. NewEdge Securities, LLC. has no affiliation to BondDesk Trading LLC or BondTrader Pro, or Tradeweb Direct, Bondpoint, TMC, Market Axess or any ECN.

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This document is for informational purposes only and does not replace or serve as a substitute for your official monthly statement generated by NFS. Please refer to your official statement for accurate and comprehensive account details.

Bonds may be subject to capital gains tax. This summary is for informational purposes only and is not an offer or solicitation for the purchase or sale of any security or a recommendation or endorsement of any security or issuer. NewEdge Securities, LLC. and DRL Group make no representation about the accuracy, completeness, or timeliness of this information. Bonds could also be subject to the DeMinimis Rule, please consult with your tax advisor for further clarification.

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By: DRL Group

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Stay Ahead of the Curve with analysis on:

  • Top-rated municipal bonds with strong credit ratings
  • Tax-advantaged opportunities to maximize your returns
  • Market trends & economic shifts impacting local governments
  • Exclusive interviews with leading muni bond strategists

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