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MinnEcon Blog

Consumer price inflation

Consumer price inflation

From chief economics correspondent Chris Farrell Government statisticians reported earlier today that U.S. consumer prices (CPI) fell a second straight month during May. Over the past 12 moths consumer inflation has been running at a 2% pace. The so-called core rate of consumer inflation–the CPI minus volatile food and energy–is up 0.9%. In essence, consumer…

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