US Consumer Price Index in line with expectations
US CPI m/m came out flat as expected in April, down from March’s final reading of 0.3%. On a yearly basis, the index rose to 2.3% as forecasted, down from 2.7%.
US CPI ex. Food and Energy m/m gained 0.2% in line with consensus from 0.2% last time, Core CPI y/y was up to 2.3% from 2.3% previously.
Inflation remained under control as energy prices dropped; core inflation was mainly driven by an increase in the cost of used vehicle prices but also in medical care services, transportation and apparel.
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