Inflation Stays Tame
The Labor Department has just released its inflation data via Consumer Price Index readings, and it seems that inflation is still remaining tame. The headline and nominal CPI came in flat at 0.0% and the core CPI on an ex-food…
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We had Bloomberg estimates for CPI at 0.0% on the nominal headline CPI, and had estimates at +0.1% on the core CPI.
On a year over year basis, the headline CPI was -0.7% and the core rate was +1.9% year over year on an ex-food and energy basis.
April’s energy prices were down 2.4% from march, but down 25.2% from a year ago. Housing is still a monster component, and that came in at -0.1%. Without surprise, the medical care costs rose by 0.4%.
JON C. OGG
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.