But business reopenings and increased spending also pushed prices higher, with a key inflation measure jumping 3.5 percent in the January-March period, compared to an rise of just 1.5 percent in the prior quarter, the Commerce Department reported.
AFP
April 29, 2021 / 06:18 PM IST
The US economy grew 6.4 percent in the first quarter of the year, reflecting the recovery from the COVID-19 pandemic disruptions, the government reported Thursday.
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But business reopenings and increased spending also pushed prices higher, with a key inflation measure jumping 3.5 percent in the January-March period, compared to an rise of just 1.5 percent in the prior quarter, the Commerce Department reported.
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