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(Image from article: "Consumer price index jumps on costlier gas")

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Inflation outpaces earnings, threatens spending

Inflation

WASHINGTON (Reuters) - Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine consumer spending.

 

Consumer price index jumps on costlier gas

Consumer price index jumps on costlier gas

Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation.

 

Gasoline Pushes Up U.S. Consumer Prices

Gasoline Pushes Up U.S. Consumer Prices

The 0.7 percent pace in June was slightly faster than expected, but the core inflation measure remained relatively tame.

 

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