Core consumer price inflation (CPI) grew by 0.2%, double of the estimated growth. This is a solid improvement after the prior period`s contraction of 0.3%.
CPI though missed estimates slightly by slowing down by 0.7%. Economists were predicting a deceleration of 0.6%, worse than last month`s contraction of 0.4%.
The full inflation report can be found here.
The weekly unemployment claims worsen to 313 thousand this week, up from last week`s 282 thousand. The report can be obtained here.
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