Inflation Accelerated in March Due to Strengthening Economy, Rising Energy Prices
By Gwynn Guilford
U.S. consumer prices picked up sharply in March as the economic
recovery gained momentum, partly reflecting higher gasoline
The Labor Department reported Tuesday that the consumer-price
index--which measures what consumers pay for everyday items
including groceries, clothing, recreational activities and
vehicles--jumped 2.6% in the year ended March, and rose a
seasonally adjusted 0.6% in March from February.
The so-called core CPI, which excludes the often-volatile
categories of food and energy, climbed 1.6% over the prior year,
and was up 0.3% in March from February.
Write to Gwynn Guilford at firstname.lastname@example.org
(END) Dow Jones Newswires
April 13, 2021 08:57 ET (12:57 GMT)
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