Inflation eased to 5% in March
CBSN
Inflation cooled last month, indicating that painfully high price increases are continuing to ease.
The Consumer Price Index increased at an annual rate of 5% in March, down from 6% in February, the Labor Department said Wednesday. Economists had forecast that inflation rose 5.2% last month, according to FactSet.
However, core inflation, which excludes volatile food and fuel prices, sped up to 5.6% in February.
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