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Page added on April 20, 2005

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Inflation Surge Is Biggest in Five Months

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON – Consumer prices jumped 0.6 percent in March, the biggest inflation surge in five months, as the costs of energy, clothing and airline fares all rose sharply.

The Labor Department said last month’s increase in the Consumer Price Index, the most closely watched inflation gauge, followed a 0.4 percent rise in February and left consumer inflation rising at an annual rate of 4.3 percent in the first three months of this year. That was a full percentage point above the 3.3 percent rise in prices for all of 2004.

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