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Wednesday
16May

Underlying Inflation Stays Under Wraps

DateWednesday, May 16, 2007 at 07:30PM

U.S. consumer prices advanced 0.4% in April on strong growth in food and energy prices, but for a second straight month underlying inflation stayed under wraps, bringing it closer to the Fed's comfort zone. Core inflation, which excludes food and energy, edged up just 0.2% amid falling prices for clothing, airline tickets and tobacco products.

AuthorDaveM | CommentPost a Comment |
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