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Fueled by gas prices, inflation edges up in March for second straight month
Fueled by gas prices, inflation edges up in March for second straight month

Inflation edged up in March for the second straight month as gas prices continued to rebound after their steep drop. The consumer price index increased 0.2%, the same as in February, the Labor Department said Friday. February's increase was the first in four months as a sharp drop in crude oil prices pushed down energy costs across the board. Last month's increase was in line with analysts' forecasts and an indication that inflation is stabilizing. Gasoline prices increased 3.9% in March, and energy prices more broadly were up 1.1%. That offset a 0.5% decline in grocery prices, the biggest drop since April 2009. Annual inflation remained extremely low, with prices down...

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