Inflation rose less than expected in March, but core prices remain sticky

Inflation remained uncomfortably high in March, although it has cooled slightly from a peak notched in 2022.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.1% in March from the previous month. Prices climbed 5% on an annual basis. 

Those figures were both Iower than forecasts by Refinitiv economists. 

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