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WEKU
Scott Horsley

Inflation eased in March but prices are still climbing too fast to get comfortable

Shoppers look over mattresses at a store in Miami on March 14, 2023. (Joe Raedle/Getty Images)

Inflation cooled last month, thanks in part to falling gasoline prices, but the rising cost of services such as travel and restaurant meals continues to stretch people's pocketbooks.

The consumer price index for March was 5% higher than a year ago, according to a report Wednesday from the Labor Department. That's the smallest annual increase since May 2021.

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