U.S. consumer prices rise at 2.4 percent from last year

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/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s