Tuesday, April 17, 2007

Core inflation muted, homebuilding up

(Reuters) - The Labor Department said its monthly Consumer Price Index climbed 0.6 percent after a 0.4 percent February rise. But so-called core prices that exclude food and energy were up only 0.1 percent after larger gains of 0.2 percent in February and 0.3 percent in January.

Economist David Sloan of 4CAST Ltd. in New York said core prices now seemed to be on a downward trend that was encouraging.


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