India, April 26 -- The U.S. dollar gained against its major counterparts on Friday, lifted by data showing a larger than expected increase in the nation's annual rate of consumer price growth.
Data from the Commerce Department showed the annual rate of consumer price growth accelerated to 2.7% in March from 2.5% in February. The rate was expected to grow to 2.6%.
The annual rate of growth by core consumer prices in March came in unchanged from February at 2.8%, while economists had expected the pace of growth to slow to 2.6%.
On a monthly basis, the consumer price index rose by 0.3% in March, matching the increase seen in February as well as economist estimates. Excluding food and energy prices, core consumer prices also climbed by 0.3% ...