US inflation tamed just a bit in March and over the past twelve months as energy prices increased at a slower pace last month, the US government reported Friday in Washington. Still, the costs of food and most other goods and services went up last month to add further distress to the pocketbooks of many Americans.
Consumer prices advanced 0.3 percent in March after increasing of 0.4 percent in the previous month, US Labor Department inflation data revealed. Increases were again led by energy, followed by food.
Prices at the pump grew 1.7% last month, although that was significantly slower than the prior month’s 6.0 percent surge which had been the main driver to the biggest monthly increase in consumer prices since April 2011. Continue reading