Economics
U.S. Inflation Slowed Sharply in March While Core Index Fell
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U.S. inflation slowed sharply in March as the coronavirus helped push down fuel and other costs, while an underlying gauge of consumer prices posted the first monthly drop in a decade.
The consumer price index fell 0.4% from the prior month and rose 1.5% annually -- down from a 2.3% year-over-year gain in February -- as energy prices dropped by the most in five years, reflecting one of the sharpest-ever collapses in oil prices, Labor Department data showed Friday.