Investing.com - U.S. consumer prices rose less than expected in March, while underlying inflation slowed.
The consumer price index rose 0.1%, compared to economists expectations’ for a 0.2% increase.
A rebound in gasoline prices was partly offset by a drop in the cost of food the Labor Department said.
Underlying inflation edged up 0.1%, the smallest increase since August.
The weak data indicated that the Federal Reserve is likely to remain cautious about raising interest rates.