NY Times:
“Consumer prices edged up slightly in April, but far more slowly than many economists had anticipated, the government reported Wednesday, lending credence to the view that a slowing economy is applying the brakes to inflation.” Some breathing room for the Fed, at least temporarily. Wait till next month when the summer gas price-hikes begin to be felt.
Later: Case in point, Food prices see greatest monthly increase in 20 years. My italics.
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