Headline CPI inflation jumped up to 2.8% year-on-year (y/y) in April, from 2.4% in March, slightly below consensus expectations. Higher gasoline prices were a big part of the story, with inflation ex-gasoline up a more modest 2.0% y/y. Prices at the pump were up 28.6% y/y in April. Energy prices as a whole were 19.2% […]
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