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The March Consumer Price Index (CPI) report came in hotter than expected, with core CPI rising 3.8% month over month compared to the 3.7% analysts had forecasted. The inflation print has put stock futures under pressure ahead of Wednesday's market open.

Yahoo Finance's Dani Romero, Madison Mills, and Brooke DiPalma break down the inflationary trends across different key sectors — food, energy, and shelter costs.

On the food front, inflation saw a moderate 0.1% uptick in March, coming in line with annual forecasts by rising 2.2% year over year.

The energy sector continues to grapple with elevated inflation, posting a 1.1% month-over-month increase. However, the pace of energy price growth has slowed, with the inflation rate falling from the previous month's 2.3% rise. Shelter and gasoline costs together accounted for over half of the overall CPI's monthly gain.

Shelter inflation is starting to show signs of easing, with the year-over-year reading dropping to 5.7% from the March 2023 high of 8.2%. Still, shelter inflation was responsible for 60% of March's total monthly increase, driven primarily by rising rents and owners' equivalent rent.

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Editor's note: This article was written by Angel Smith