Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact,

The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago versus the estimate of 5.1%.

Excluding food and energy, the core CPI increased 0.4% and 5.6% on an annual basis, both…