Assessment: Do not be deceived. Today’s March inflation CPI report does not reflect the Saudi oil production cut announced on April 2, that drove oil from $65 to $82. Also not reflected is a drop in wages for the 24th straight month. Inflation continues … CNBC: The consumer price index rose 0.1% in March and 5% from a year ago, below estimates. Excluding food and energy, core CPI accelerated 0.4% and 5.6%, both as expected.
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