According to the Consumer Price Index for March 2000, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8 percent in March. This is a 3.7 percent increase since March 1999. After seasonal adjustments, the CPI-U rose 0.7 percent, after a 0.5 percent increase in February 2000.

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Bureau of Labor Statistics researchers Kenneth J. Stewart and Stephen B. Reed conclude that "inflation would have been lower from 1978 to the present if the current methods of calculating the CPI had been in place." Their report, titled CPI Research Series Using Current Methods, 1978-98 was preprinted for the June 1999 Monthly Labor Review. Stewart and Reed describe changes from CPI-U calculation...