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US: Core Inflation Cools to Near Three-Year Low in April  

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The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% m/m) were partly responsible for the uptick in headline inflation. Meanwhile, food prices were flat last month and are up […]

The post US: Core Inflation Cools to Near Three-Year Low in April   appeared first on Action Forex.

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