US CPI rises a tad more quickly than expected in March

(Sharecast News) - The cost of living in the U.S. rose by more than expected last month amid gains in the cost of energy, clothing and medical care services. According to the Bureau of Labor Statistics, in seasonally adjusted terms the country's Consumer Price Index increased at a month-on-month pace of 0.4% in March.

Year-on-year, CPI was ahead by 3.5%, having risen by 3.2% during the previous month.

Economists had penciled-in a rise of 0.3% versus February, while the annual rate of increase was seen coming in at 3.5%.

Core CPI meanwhile was up by 0.4% over the month, against a consensus forecast for 0.3%.

In annual terms, core CPI was unchanged from the month before at 3.8%, whereas expectations had been for it to tick lower by a tenth of a percentage point.

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