Inflation accelerates more than expected in March as high prices persist

Inflation accelerated successful March for nan 3rd consecutive period acknowledgment to a jump successful nan costs of gasoline and rent, underscoring nan situation of taming value pressures wrong the economy.

The Labor Department said Wednesday that nan user value index, a wide measurement of nan value of mundane equipment including gasoline, groceries and rent, roseate 0.4% successful March from nan erstwhile month. Prices climbed 3.5% from nan aforesaid clip past year, supra nan 3.2% fig recorded successful February. 

Both of those figures came successful higher than nan 0.3% monthly summation and 3.2% header summation forecast by LSEG economists.

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