U.S. consumer inflation rises: higher food, rent costs

U.S. consumer inflation rises: higher food, rent costs

Reuters: The Labor Department said its Consumer Price Index (CPI) increased by 0.2% in March.

In the 12 months through March, the core CPI advanced 1.7 percent after rising 1.6 percent in February.

"While increases in consumer prices are a good sign for many concerned about disinflation, it is not positive for the overall economy unless wages rise in tandem," said Jay Morelock, an economist at FTN Financial in New York.

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