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Inflation remains mild as cheaper gas lowers US consumer prices 0.2 percent in March

U.S. consumer prices declined last month as the cost of gas fell sharply and food prices were unchanged. The tame reading is the latest evidence that the sluggish economy is keeping inflation in check.

The Labor Department says the consumer price index declined a seasonally adjusted 0.2 percent in March, after jumping 0.7 percent in February. Gas prices fell 4.4 percent, reversing part of February's 9.1 percent gain.

Except for February's large increase, consumer prices have declined or been unchanged in four of the past five months. In the past year, consumer prices have risen 1.5 percent. That's the smallest yearly increase in the past eight months.

Excluding the volatile food and energy categories, core prices rose 0.1 percent. In the 12 months ending in March, they rose 1.9 percent.

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Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.18% dw 4.20%  
15 Y Fixed Graph 3.21% dw 3.27%  
30 Y Fixed Jumbo Graph 4.69% up 4.61%  
5/1 ARM Graph 3.32% dw 3.53%  
5/1 Jumbo ARM Graph 3.71% dw 3.85%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.10% up 5.09%  
$50K Loan Graph 4.53% up 4.52%  
$75K Loan Graph 4.53% up 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% -- 3.46%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% up 0.35%  
1 yr Graph 0.69% up 0.69%  
5 yr Graph 1.47% up 1.39%