Mumbai, May 2 -- A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March.
The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
The report showed a 0.5 percent decrease by prices for goods more than offset a 0.2 percent uptick by prices for services.
The Commerce Department also said the annual rate of growth by the PCE price index decelerated to 2.3 percent in March from an upwardly revised 2.7 percent in February.
Meanwhile, the Commerce Department said the core PCE price index, which excludes food a...