Fuel prices continue to push US CPI around

10 May 2019

 

The annual rate of US consumer inflation halved from nearly 3% in the period from July 2018 to February 2019, before it then quickly increased back to 2%. At the same time, core inflation has been much less volatile and it has mostly ranged between 2.00% and 2.30%. In recent times, differences between the two measures has mostly been caused by changes in gasoline (petrol) prices.  Consumer price index (CPI)...

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