The Consumer Price Index rose 0.4% in March, while a closely-watched measure that strips out food and energy costs rose by just as much—matching the …
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March CPI data: Consumers feel pinch as inflation remains elevated
The latest data, which also show a pick-up in the annual CPI figure, extends a streak of hotter inflation releases than policymakers would like — a key sign that returning inflation back to 2% might take longer than anticipated.
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