Inflation remained tame in March
Washington, D.C, United States (AHN) – Inflation remained tame in March as energy costs began to remain constant after three months of surging gas prices.
The March Consumer Price Index rose just 0.3 percent in March, the Labor Department reported Friday, below the 0.4 percent increase in February.
Excluding the more volatile prices of food and energy, the core inflation monthly increase was 0.2 percent. Forecasts had been for a 0.4 percent increase, with a 0.1 percent gain in core inflation.
Gas prices continued to contribute to modest rises in prices, the report revealed. Gas prices rose 1.7 percent in March.
The report reveals that inflation is under control, and if gas prices drop, the inflation number could actually fall in the coming months.