U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices but likely still keeping the Federal Reserve on track to further raise interest rates.
A man looks at his mobile phone while shopping at a grocery store in Buffalo Grove, Ill., Sunday, March 19, 2023. On Wednesday, the Labor Department reports on U.S. consumer prices for March. A man looks at his mobile phone while shopping at a grocery store in Buffalo Grove, Ill., Sunday, March 19, 2023. On Wednesday, the Labor Department reports on U.S. consumer prices for March.
WASHINGTON — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices. Yet prices are still rising fast enough to keep the Federal Reserve on track to raise interest rates at least once more, beginning in May.
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