Bloomberg reports:
U.S. consumer prices rose less than forecast in April, reflecting cheaper cars and lodging costs that offset the biggest jump in food expenses in 18 years.
The consumer price index increased 0.2 percent after a 0.3 percent gain in March, the Labor Department said today in Washington. So-called core prices, which exclude food and energy costs, climbed 0.1 percent, compared with 0.2 percent.
The only contributors to higher prices recently have been food, energy, transportation and healthcare so zombies, androids and other fictional characters need not fret.
The story continues:
Bonds rallied after the report, which may be welcomed by Federal Reserve officials after they warned two weeks ago of “high” uncertainty in the outlook for prices. The central bank has for most of the past year predicted that a slowing economy would hold down prices.
So tell me: when did the Fed hire Lieutenant Frank Drebin?
[youtube http://www.youtube.com/watch?v=rSjK2Oqrgic&hl=en](Click the preview for video.)Source:
U.S. Economy: Consumer Prices Increase Less Than Anticipated
Courtney Schlisserman
Bloomberg