Higher gas prices lift March CPI 0.2%

April 17, 2015 12:43 PM

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WASHINGTON (AP) — Rising gas prices in March led to a slight increase in inflation, a sign that some of the broader economic impact from cheaper oil is fading.

The Labor Department says the consumer price index rose 0.2 percent in March. Inflation moved at that same pace in February, which ended three straight monthly declines caused largely by falling oil and gasoline prices.

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