Inflation Firms In March As Core CPI Rises 2.1%

Core consumer prices, excluding food and energy, rose 0.2% in March, while the core CPI annual rate accelerated to 2.1%, the Labor Department reported on Wednesday.

X

Wall Street expected the core CPI to rise 0.2% on the month and 2.1% from a year ago. The annual rate rose partly because a weak year-earlier reading, when Verizon (VZ) shifted to unlimited data plans, dropped from the calculation.

The overall CPI dipped 0.1% on the month, while the annual increase accelerated to 2.4%. The...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

CPI [+]    Labor Department [+]    Wall Street [+]    Verizon [+]   

More #news: