Higher gas and rents keep U.S. inflation elevated, likely delaying Fed rate cuts

Updated at 9:42 a.m.

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APPLE IPADS are displayed in a Costco warehouse Sunday in Sheridan, Colo. Consumer price increases remained high last month, boosted by gas, rents, and car insurance, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year. /ASSOCIATED PRESS/DAVID ZALUBOWSKI

WASHINGTON (AP) – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year. Prices outside the volatile food and

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