Inflation Stays Tame

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By Douglas A. McIntyre Updated Published
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Money Stack ImageThe Labor Department has just released its inflation data via Consumer Price Index readings, and it seems that inflation is still remaining tame.  The headline and nominal CPI came in flat at 0.0% and the core CPI on an ex-food and energy basis came in at +0.3%.

We had Bloomberg estimates for CPI at 0.0% on the nominal headline CPI, and had estimates at +0.1% on the core CPI.

On a year over year basis, the headline CPI was -0.7% and the core rate was +1.9% year over year on an ex-food and energy basis.

April’s energy prices were down 2.4% from march, but down 25.2% from a year ago.  Housing is still a monster component, and that came in at -0.1%.  Without surprise, the medical care costs rose by 0.4%.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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