) -- Prices at the consumer level edged just higher last month largely because of an uptick in food costs, the government said Wednesday, but overall figures suggest inflation was kept in check.
The consumer price index, which measures the change in prices for goods and services, rose a seasonally adjusted 0.1% in March, according to the Labor Department. The subtle increase landed in line with Wall Street consensus forecasts provided by Briefing.com.
After stripping out potentially erratic food and energy prices, the so-called core CPI remained unchanged last month. Analysts expected that measure to rise by 0.1%.
Prices have climbed by an unadjusted 2.3% over the past year, while core CPI rose 1.1% over the last 12 months.
--Written by Sung Moss in New York