US: Inflation slows in April |
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US inflation slowed in April. The headline inflation came out at 0.2% M/M and 3.9 % Y/Y (from 4.0 % in March). The core reading declined also to 0.1% M/M and 2.3% Y/Y (from 2.4 % in March). A monthly decline in gasoline prices was a factor behind the slowdown, but also the rise in prices in most non-core items was quite moderate in March. This suggests that at least for now there is no strong passing-through of higher oil and commodity prices into the real economy. EMU: Industrial production
Filed under: Fundamental
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