WASHINGTON (AP) — U.S. consumer prices rose 2.4 percent in March from a year earlier, the fastest annual pace in 12 months.
The Labor Department said Wednesday that on a monthly basis, the consumer price index declined 0.1 percent in March. The index’s yearly gain, however, suggests that inflation pressures may be picking up.
Excluding the volatile food and energy categories, core prices ticked up 0.2 percent in March and 2.1 percent from a year ago. That was the biggest annual increase for core prices since February 2017.
Full story https://www.seattletimes.com/business/us-consumer-prices-in-march-rose-2-4-pct-from-year-earlier/