The Consumer Price Index (CPI) increased 0.4% month-on-month (m/m) in April, meeting the consensus forecast. The 12-month change slipped to 4.9% – down from 5.0% in March. Energy prices rose 0.6% m/m as higher gasoline prices (+3.0 m/m) more than offset the pullback in energy service costs (-1.7% m/m). Food prices were again flat on […]
The post US: Inflation Remains Stubbornly Elevated, But April Data Shows Encouraging Signs appeared first on Action Forex.
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