Consumer Prices Up More Than Expected

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000542-consumer-prices-up-more-than-expected/

Another surge in energy prices helped push U.S. underlying inflation up at the sharpest rate in 2-1/2 years during March, the Labor Department said on Wednesday in a report that rocked financial markets.

The Consumer Price Index, widely used as a major gauge of inflation, was up 0.6 percent last month — the sharpest monthly gain since October — following a 0.4 percent rise in February.

But surprisingly and on a more worrisome note, the so-called core rate that strips out volatile food and energy costs accelerated to a 0.4 percent increase in March from 0.3 percent in February.

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Consumer Prices Up More Than Expected

Unknown Author

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