The core CPI, which excludes volatile food and energy prices, rose 0.2%, which matched expectations.
Hint, you may want to avoid treasury TIPS, which are tied to core CPI.
Core CPI was confirmed at 1.6% in a final reading released earlier today for April.
Compared with a year earlier, the core CPI rose 2.8%, the fastest core inflation since 1996.
In fact, the change in the core CPI reading is at a record low.
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Measured by the official core CPI, incomes are about flat for the last 10 years.
As Warren Buffett has said, if you are anorexic and ride a bike, core CPI is great.
Analysts were expecting a 4.0% advance in overall prices and an annual rise of 2.4% in core CPI.
The core CPI has now risen 2.3% over the last twelve months, slightly above the Fed's comfort zone.
The index for all items excluding food and energy, or core CPI, showed an increase of 0.2%.
For the past year, overall CPI rose 1.5%, the slowest year-over-year growth since July, with core CPI up 1.9%.
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Core CPI, which excludes food and energy costs, was up by 0.1%, also slower than general expectations for 0.2%.
The Fed likes to look at core CPI, which excludes food and energy.
In fact, the U.S. core CPI rate is likely to tick up to 1.7%, which would be the highest since December 2009.
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The August core CPI rose 0.24% from July, a 2.9% annualized rate.
For example, core CPI inflation over the twelve months ending in February was 2.7 percent, up from 2.1 percent a year earlier.
By excluding such essentials as food and fuel from the CPI (called core CPI) they miss much of the real cost of living.
The British Consumer Price Index (CPI) was right in line with expectations at 3.2% and the Core CPI reading surprisingly jumped to 3.1%.
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The Labor Department is reporting that the consumer prices were little changed in June, with core CPI up 0.2 percent, excluding food and energy.
In the euro area both CPI and Core CPI on a year-over-year basis were in line with expectations at 1.4% and 0.9% growth, respectively.
Over the past 12 months, core CPI has also risen 2%.
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Core CPI was 0.1%, compared to expectations for a 0.2% reading.
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Of course, the core CPI and the core personal consumption deflator (to be revised in July) argue that inflation excluding energy was somewhat contained through March.
There was also the caveat that more of this could be in the works if unemployment stays high and inflation (as defined by core CPI) stays low.
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Core inflation is spreading slower than we expected (core CPI up 0.1% in October), while the correction in housing and autos came more abruptly (Q3 GDP increased 1.6%).
Core CPI, which excludes both food and energy prices, ticked up 0.1% from November and 0.8% for the year, reaching its lowest levels since the index's inception in 1958.
In November, the consumer price index fell unexpectedly by 0.2%, while the core CPI, which excludes volatile food and energy prices, fell 0.1%--indicating that inflation levels are at a 38-year low.
We think low real interest rates, a weak dollar and plentiful U.S. and global liquidity argue that core inflation (both core CPI and the core PCE deflator) will continue rising, not subside.
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