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GDP Rises Along with Inflation Uptick

The nation's gross domestic product, or value of goods and services, grew at a 4.2 percent annual rate during the first three months of the year, an improvement over the end of 2003 but not as strong as many analysts were expecting. The Commerce Department's prime price index, omitting food and energy, rose 2.3 percent, compared with 1.5 percent in the fourth quarter. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.