US consumer prices rise by most in 10 months

Published May 15, 2014 12:56pm ET



WASHINGTON (AP) — Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels.

The consumer price index rose 0.3 percent last month after a 0.2 percent gain in March, the Labor Department said Thursday. Over the past 12 months, prices have increased 2 percent, the largest gain since July and matching the Federal Reserve’s inflation target.

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