US Core Inflation Hits 7-Month High as April CPI Tops Estimates

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U.S. headline CPI rose 3.8% year over year in April, above the 3.7% market estimate. Core CPI rose 2.8% year over year, above the 2.7% estimate. Core CPI also rose 0.4% month over month on a seasonally adjusted basis, above the 0.3% estimate.

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