ECO - The July CPI came in largely in line with
our expectations; rising gasoline prices drove a 0.3% gain in headline prices
after a 0.1% decline, and core prices rose 0.1% leaving the annual rate of
increase at 0.9% for the foruth month in a row. On an unrounded basis core
inflation slowed to 0.87% y/y from 0.90%. On an NSA basis the report was on the
weak side as food prices fell… Continue
Posted on August 13, 2010 at 9:46am
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