The U.S. Labor Department released consumer price inflation data on Thursday. The U.S. consumer price inflation rose 0.1% in March, missing expectations for a 0.2% gain, after a 0.2% drop in February.

The index was mainly driven by higher energy prices, which climbed 0.9% in March.

Shelter costs climbed 0.2% in March, medical care costs were up 0.1%, while food prices decreased 0.2%.

On a yearly basis, the U.S. consumer price index decreased to 0.9% in March from 1.0% in February, missing expectations for a rise to 1.1%.

The U.S. consumer price inflation excluding food and energy gained 0.1% in March, missing expectations for a 0.2% rise, after a 0.3% increase in February.

The increase was driven by rents and medical costs.

On a yearly basis, the U.S. consumer price index excluding food and energy fall to 2.2% in March from 2.3% in February. Analysts had expected the index to remain unchanged at 2.3%.

The consumer price index is not preferred Fed's inflation measure.