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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (9354)7/16/2004 8:33:13 AM
From: mishedlo  Read Replies (3) of 116555
 
U.S. June core CPI up 0.1%, below expectations By Rex Nutting
WASHINGTON (CBS.MW) - Energy prices moved higher yet in June, but core inflation fell to its lowest rate of the year, the Labor Department reported Friday. The consumer price index increased 0.3 percent in June, slightly ahead of expectations of a 0.2 percent gain. However, the core CPI - which excludes food and energy costs - rose just 0.1 percent, a tick less than the 0.2 percent expected. Energy prices rose 2.6 percent in June after 4.6 percent in May. Food prices increased 0.2 percent after 0.9 percent in May. Elsewhere, inflationary pressures were modest. Housing prices rose 0.3 percent in June. Medical care costs also increased 0.3 percent for the second month in a row.
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