U.S. Consumer Prices Rise by Most Since 2012

The transcript discusses the recent changes in the Consumer Price Index (CPI) and core inflation, highlighting a higher-than-expected increase. It explains the impact of the pandemic on price changes, noting a significant drop last year and a rebound this year. The discussion includes market expectations and consumer concerns about inflation, particularly regarding grocery costs. The analysis concludes with a focus on food inflation, which has remained relatively stable over the past year.

What significant event in March last year affected inflation rates according to the text?

What was the change in food inflation reported for the last month?