U.S. consumer-price gains miss estimates, testing Powell’s view

THE UNITED STATES consumer-price index increased 0.3% monthly and 2% annually in April. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
THE UNITED STATES consumer-price index increased 0.3% monthly and 2% annually in April. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK – A key measure of United States consumer prices rose by less than expected in April on lower used-car and apparel costs, testing the Federal Reserve's message that muted inflation will prove transitory. The core consumer price index, which excludes food and energy, rose 0.1% from the prior month, missing estimates, and 2.1%…

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