April Inflation (CPI) Update

The Bureau of Labor Statistics released their April 2010 update for the Consumer Price Index earlier today.  For a summarized version, please take a look at this commentary from Wells Fargo Economics Group.

CPI reports are developed at the national level, as well as for regions of the US. Recent performance indicates that inflation is growing at a slightly-higher rate in our region of the country than the national average.

The Wells Fargo Economic Group report also mentions that while aggregate CPI is relatively unchanged compared to last month, and is less than 1% for the past year when excluding food and energy, does show some significant growth with respect to food (0.2% in the past month) and medical care (5% annual rate, based on performance of last 3 months).

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