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David Rosenberg, founder & president at Rosenberg Research & Associates Inc., highlights that the core Consumer Price Index (CPI), excluding rental components, increased by 0.2 percent in April.
He notes that this measure has remained at or below this rate for each of the past three months, suggesting continued moderation in underlying inflation.
Rosenberg has previously analyzed discrepancies in headline U.S. data. Earlier this year, he pointed to a disconnect between nonfarm payroll gains and household job losses for April. The recent CPI observations add further detail to his ongoing monitoring of core economic indicators.