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April CPI below-expected +0.3%, core +0.1%..>

US DATA
US DATA: April CPI below-expected +0.3%, core below-expected +0.1%
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- Apparel price soft again -0.8% after largest drop in 50 years in March
- Owners' equivalent rents category +0.3%, while medical care +0.3%, new 
vehicle prices +0.1%, but used vehicles -1.3%.
- Energy prices +2.9% after +3.5% in March. Gas +5.7%. Ex only energy, 
CPI +0.1%. Food prices -0.1% on food at home. 
- Due to base factors, the y/y rate for headline CPI ticked up to +2.0% 
vs +1.9% in March, while the y/y rate for core CPI rose to +2.1% from +2.0%.
- The data suggest that underlying inflation remains contained, with 
energy driving the headline gains. Outside of just energy, CPI was up 
2.0% y/y.

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