Excluding the volatile food and energy components, the CPI climbed 0.2 percent, matching February's increase
Inflation concerns sparked a sell-off on Wall Street and boosted benchmark US Treasury yields to a four-year high
Soft domestic demand temper expectations of strong acceleration in economic growth in 2nd quarter
Fed has 2% inflation target, tracks an inflation measure which is currently at 1.5%
Fed Chair Janet Yellen told lawmakers that waiting too long to remove accommodation would be unwise