Inflation is sticking around — here’s where prices are rising and falling

Americans plagued by surging prices over the past 20 months continue to face strain as the cost of everyday necessities remains elevated following a hotter-than-expected inflation reading in March.

The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the price for everyday goods, including groceries, gasoline, and rent, rose 0.4% in March from the previous month. Consumer prices were 3.5% higher than a year earlier, marking the second month of increasing inflation and the biggest jump since August.

The measure remains above the Federal Reserve’s 2% target.

Gabriella Cruz-Martinez | Yahoo Finance

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