(Reuters) - The Labor Department's Consumer Price Index advanced by 0.4 percent in April, slightly less than Wall Street expected and below the 0.6 percent rise seen in March.
The core rate, which excludes volatile food and energy prices, increased 0.2 percent. While that marked a slight step up from March, the 12-month increase in core prices slipped to 2.3 percent, the smallest gain in a year.
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