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Rising food, housing costs push up U.S. inflation
date:Apr 16, 2014
nents, also rose 0.2 percent.

In the 12 months through March, consumer prices increased 1.5 percent, accelerating from a 1.1 percent rise in February. The core CPI advanced 1.7 percent, up from 1.6 percent.

The Fed targets 2 percent inflation and it tracks an index that is running even lower than the CPI. But with domestic demand picking up and the labor market slowly tightening, inflation is expected to drift back toward its target this year.

The U.S. central bank has kept overnight rates ne

12/25 01:17