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A clearance sign is displayed at a retail clothing store in Downers Grove, Ill., Monday, April 1, 2024. On Friday, April 26, 2024, the Commerce Department issues its March report on consumer spending. (AP Photo/Nam Y. Huh)

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Fed's preferred inflation gauge shows price pressures stayed elevated last month
April 26, 2024 9:40 a.m.

Fed's preferred inflation gauge shows price pressures stayed elevated last month

Gas prices jumped again last month, the government said — up 1.6% just from February to March. So far in April, gas prices are up still further, to a national average of $3.66 a gallon, from $3.53 a month ago.