March CPI Flat at 0.5%; Inflation Concerns Not Seen
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The cost of living the U.S. rose for the ninth consecutive time last month, as burgeoning costs in food and fuel have yet to impact other goods and services.
The Labor Department reported Friday consumer prices increased 0.5 percent in March, in line with the the economist estimate.
Excluding the volatile food and energy readings, so-called core CPI rose 0.1 percent, less than anticipated as smaller gains in medical care were seen.
Over the 12 months ending March, consumer prices increased 2.7 percent, the largest year-over-year gain since December 2009. The core CPI rose 1.2 percent from the same month last year.
Energy costs rose 3.5 percent in the period, while the price of food increased 0.8 percent, the biggest gain since July 2008.
The Labor Department reported Friday consumer prices increased 0.5 percent in March, in line with the the economist estimate.
Excluding the volatile food and energy readings, so-called core CPI rose 0.1 percent, less than anticipated as smaller gains in medical care were seen.
Over the 12 months ending March, consumer prices increased 2.7 percent, the largest year-over-year gain since December 2009. The core CPI rose 1.2 percent from the same month last year.
Energy costs rose 3.5 percent in the period, while the price of food increased 0.8 percent, the biggest gain since July 2008.
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