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Inflation accelerates more than expected in March as high prices persist
Inflation accelerated in March for the third straight month thanks to a jump in the cost of gasoline and rent‚ underscoring the challenge of taming price pressures withinthe economy.The Labor Department said Wednesday that the consumer price index‚ a broad measure of the price of everyday goods including gasoline‚ groceries and rent‚ rose 0.4%in March from the previous month. Prices climbed 3.5% from the same time last year‚ above the 3.2% figure recorded in February....