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U.S. consumer prices post first drop in 10 months on weak gasoline

Reuters 

U.S. consumer prices fell for the first time in 10 months in March, weighed down by a decline in the cost of gasoline, but underlying inflation continued to firm amid rising prices for healthcare and rental accommodation.The Labor Department said on Wednesday its Consumer Price Index slipped 0.1 percent last month, the first and largest drop since May 2017, after climbing 0.2 percent in February.In the 12 month through March, the CPI increased 2.4 percent. That was the largest annual gain in a year and followed February's 2.2 percent increase. Annual inflation is rising as the weak readings ...

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First Published: Wed, April 11 2018. 18:42 IST
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