The latest Consumer Price Index (CPI) report for March came in higher than expected, with a reading of 3.8% versus the expected 3.7%. This continued inflationary pressure is taking a toll on consumers, as the cost of everyday goods remains elevated.
The data shows that shelter and gas costs were the primary contributors, accounting for over half of the gains in the overall CPI figure.
Yahoo Finance’s Dani Romero and Molly Moorhead break down the details.
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