Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday.The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year ago. The year-over-year gain is the highest since August 2018 and was well above the 1.7% recorded in February.The index was projected to rise 0.5% on a monthly basis and 2.5% from March 2020, according to Dow Jones estimates.The report “is the clearest indication so far that the signs of …
