U.S. consumer prices rose 0.3 percent in March, the U.S. Labor Department announced Friday, in-line with the Bloomberg News consensus estimate.

The core rate, which excludes often-volatile food and energy component, rose 0.2 percent. 

Over the past 12 months, consumer prices have rised 2.7 percent -- down from the 2.9 percent year-over-year rate recorded in February.

Details to follow.