The agency says the consumer price index for March was up 0.9 per cent compared with a year ago.
The reading compared with a year-over-year increase of 2.2 per cent in February.
Economists on average had expected a reading of 1.2 per cent for March, according to financial markets data firm Refinitiv.
Energy prices fell 11.6 per cent on a year-over-year basis in March. Excluding energy, the consumer price index rose 1.7 per cent.View link »