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Consumer prices inch up slightly in March

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Consumer prices inch up slightly in March

“Core” consumer prices increased 0.1% during the month.

The Consumer Prices Index on a seasonally adjusted basis increased 0.1% in March, according to the U.S. Bureau of Labor Statistics, after falling 0.2% in February.

The index for all items less food and energy, known as “core” CPI, also increased 0.1%, after a 0.3% increase in February.

Core CPI has increased 2.2% over the last 12 months.

Analysts had expected the CPI to rise 0.2% during the month, and 1.1% over the past 12 months.

The moderate increase in prices, combined with various economic indicators suggesting a stagnant US economy, will most likely reaffirm the Federal Reserve Board’s expressed caution in raising interest rates during 2016 despite the tightening labor market.

 

 

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