(Reuters) - In a report that also showed consumer spending and income was a bit softer than expected, the Commerce Department said on Friday overall prices rose a stiff 0.5 percent last month but core prices edged up just 0.1 percent.
The subdued core price increase pulled the year-on-year reading down to its lowest since March 2004, welcome news for policy-makers at the Fed, some of whom have said they would like to see core inflation in a 1 percent to 2 percent range.
Read more at Reuters.com Business News
The subdued core price increase pulled the year-on-year reading down to its lowest since March 2004, welcome news for policy-makers at the Fed, some of whom have said they would like to see core inflation in a 1 percent to 2 percent range.
Read more at Reuters.com Business News
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