Friday, June 29, 2007

Core inflation eases, consumers hold firm

(Reuters) - In a report released on Friday, the Commerce Department said it "core" personal consumption expenditures price index, which removes food and energy costs, rose 1.9 percent in May from a year ago, its smallest annual rise since March, 2004.




On a month-to-month basis, prices rose a stiff 0.5 percent in May but core prices edged up just 0.1 percent.


Read more at Reuters.com Business News

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