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4/15/2014 8:50:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Prices Rise 0.2% in March

Ron Antonelli/Bloomberg News

The consumer price index climbed 0.2% in March after increasing 0.1% the prior month, a Labor Department report showed April 15.

The median forecast of 82 economists surveyed by Bloomberg News called for a 0.1% rise. Over the past 12 months, costs rose 1.5%.

The core gauge, which excludes volatile food and fuel costs, also rose 0.2% in March after climbing 0.1% the previous month. Economists had forecast a 0.1% gain, according to the survey median.

The increase in overall consumer prices over the past 12 months followed a 1.1% year-over-year gain in February that was the smallest since October.

The core CPI climbed 1.7% from March 2013 after a 1.6% advance in the prior 12-month period.

The CPI is the broadest of three price gauges from the Labor Department because it includes goods and services. About 60% of the index covers prices consumers pay for services from medical visits to airline fares, movie tickets and rents.

By Bloomberg News

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