Tuesday, May 17, 2016

US consumer prices post 0.4 percent April increase

U.S. consumer prices jumped in April by the largest amount in more than three years, reflecting a surge in the price of gasoline and other energy products. But outside of volatile food and energy, core inflation posted another modest gain.

The Labor Department said Tuesday that overall consumer prices rose 0.4 percent in April after a 0.1 percent increase in March. It was the largest one-month advance since a 0.6 percent increase in February 2013. Core inflation was up 0.2 percent compared to a 0.1 percent March gain.. . . more

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