WASHINGTON (AP) -- Consumer prices rose by a modest 0.3 percent in March despite sharply higher costs for gasoline and other energy products. Industrial activity shot up by the largest amount in two years.
The latest snapshot of economic activity paints a picture of an economy on the comeback from a recession that began in March 2001.
The advance in the Consumer Price Index, a closely watched inflation gauge, compared with a 0.2 percent increase in February, the Labor Department reported Tuesday.
The latest CPI report was a better reading on inflation than the 0.5 percent rise many analysts were expecting.
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