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May 15, 2014 9:15 AM, EDT
Consumer Prices Rise by Most in 10 Months
Luke Sharrett/Bloomberg News

The consumer price index rose 0.3% in April, the biggest increase in 10 months, the Labor Department reported May 15.

The gain, which followed a 0.2% upturn in March, matched economists’ median forecast, Bloomberg News reported.

Costs were up 2% in the past 12 months, compared with a 1.5% year-over-year advance the prior month.

The so-called core CPI, excluding food and fuel, rose 0.2%, matching March’s gain. Economists had forecast a 0.1% increase.

Energy costs increased 0.3%. Falling fuel prices are giving households some relief this month after costs climbed to the highest level in a year in April.