( ) -q-22- UNDATED (Correspondent Jeremy House) “two-percent target rate.” Consumer prices in the United States accelerated in April after months of declines. [CutID: <Cuts> CONSUMER-PRICES-house-q-WEDam.mp3 Time: 22s Title: CONSUMER-PRICES-house-q-WEDam Out-cue: two-percent target rate] TAG: Correspondent Jeremy House reporting. Measures of underlying inflation suggest that rising costs could persist for months to come. The Fed […]
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US prices pick up, showing inflation pressures persist
( ) -q-22- UNDATED (Correspondent Jeremy House) “two-percent target rate.”
Consumer prices in the United States accelerated in April after months of declines.
[CutID: <Cuts> CONSUMER-PRICES-house-q-WEDam.mp3
Time: 22s
Title: CONSUMER-PRICES-house-q-WEDam
Out-cue: two-percent target rate]
TAG: Correspondent Jeremy House reporting. Measures of underlying inflation suggest that rising costs could persist for months to come. The Fed is paying particular attention to so-called core prices, which exclude volatile food and energy costs and are regarded as a better gauge of longer-term inflation trends.
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VERBATIM: Prices rose 0.4% from March to April, up from 0.1% from February to March. Compared with a year earlier, prices climbed 4.9%, down just slightly from March’s year-over-year increase. The nation’s inflation rate has cooled since peaking at 9.1% last June, but remains far above the Federal Reserve’s 2% target rate.