Business

US consumer prices up a slight 0.2 pct. in March

By Josh Boak
Published April 15, 2014 3:40pm ET
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US consumer prices up a slight 0.2 pct. in March
In this April 11, 2014 photo made with a fisheye lens, gasoline is pumped into an automobile at a Phillips 66 gas station in Little Rock, Ark. Lower U.S. gasoline prices kept consumer inflation in check last month, helping to offset higher costs for food and clothing. The Labor Department said Tuesday, April 15, 2014, that the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases in the previous two months (AP Photo/Danny Johnston) | Danny Johnston

WASHINGTON (AP) — Lower U.S. gasoline prices kept consumer inflation in check last month, helping to offset higher costs for food and clothing.

The Labor Department said Tuesday that the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases in the previous two months. Prices have risen just 1.5 percent year over year. That remains well below the Federal Reserve’s 2 percent target for inflation.

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