India, May 13 -- Consumer prices in the U.S. rose by slightly less than expected in the month of April, according to a report released by the Labor Department on Tuesday.
The Labor Department said its consumer price index inched up by 0.2 percent in April after edging down by 0.1 percent in March. Economists had expected consumer prices to rise by 0.3 percent.
The report said shelter costs rose by 0.3 percent in April following a 0.2 percent uptick in March, accounting for more than half of the monthly increase by the consumer price index.
Energy prices also climbed by 0.7 percent in April after plunging by 2.4 percent in March, as higher prices for natural gas and electricity index more than offset a dip in prices for gasoline.
Meanwhi...