US consumer prices rise moderately in March; underlying inflation still hot

WASHINGTON  – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month. The Consumer Price Index (CPI) climbed 0.1 percent last month after advancing 0.4 percent in February, the Labor Department said … Continue reading US consumer prices rise moderately in March; underlying inflation still hot