Consumer prices rose 3.5% from a year ago in March‚ more than expected
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Consumer prices rose 3.5% from a year ago in March‚ more than expected

The consumer price index increased at a faster than expected pace in March‚ indicating that inflation is staying stubbornly higher and likely keeping the Federal Reserve on hold with interest rates.The CPI‚ a broad measure of goods and services costs across the economy‚ rose 0.4% for the month‚ putting the 12-month inflation rate at 3.5%. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.Excluding volatile food and energy components‚ core...