Posted by: youngragingbull | April 16, 2013

U.S. consumer inflation falls in March

The underlying rate of U.S. inflation decelerated in March, the Labor Department said Tuesday.

The consumer price index decreased 0.2%, driven by a 4.4% drop in energy prices, the biggest drop in energy prices since November. Food prices, meanwhile, were flat.

The core CPI, which excludes food and energy costs, rose 0.1% in March.

Economists were expecting the CPI to fall 0.1% in March after jumping 0.7% in the prior month. The core rate was expected to rise 0.2% after rising 0.2% in the previous month.

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