WASHINGTON, April 15 (UPI) -- Americans paid more for food and rent as the consumer price index inched up by 0.2 percent for the month of March, as the Fed contemplates increasing rates.
With this 0.2 percent increase in consumer prices, the year-over-year inflation rate is now 1.5 percent, still below the Federal Reserve's threshold. The median forecast by 82 economists polled by Bloomberg estimated a 0.1 percent rise.