Cheaper gas and food provide some relief from US inflation
The Associated Press
WASHINGTON (AP) – U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices.
Yet prices are still rising fast enough to keep the Federal Reserve on track to raise interest rates at least once more, beginning in May.
Consumer prices rose just 0.1% from February to March, down from 0.4% from January to February and the smallest increase since December.
Measured from a year earlier, prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the smallest such rise in nearly two years.
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4/12/2023 11:07:57 AM (GMT -5:00)