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Inflation climbs as gas and travel costs push up prices
Prices for gasoline, air travel and clothing rose in March driving a 0.5 percent gain in consumer prices. Core inflation climbed 0.4 percent, suggesting broader price pressure and reinforcing expectations the Fed may raise rates this summer. The February trade gap narrowed as exports outpaced imports.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Stephen Cecchetti
Brandeis University
Fed
Mark Zandi
Economy.com
Commerce Department
U.S
Joel Naroff
Naroff Economic Advisors