Higher Gas Prices Drive Inflation Increase in March

April 18, 2015 7:42 PM

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Higher gas prices in March had driven a modest inflation increase, which could mean that the overarching effect of oil price decreases may not be manifesting itself that much anymore.

According to statistics released Friday by the Labor Department, the consumer price index was up by 0.2 percent in March. This is the same rate of acceleration in February, which was when inflation finally ticked up after three consecutive month-over-month downticks driven mainly by lower gasoline ...

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