Inflation Still Dogging Economy
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From Wescorp: “Inflation Moderate, Housing starts up – CPI was slightly higher than expected at 0.2%. The report showed that energy prices fell, gas prices dropped, food prices rose, housing costs rose, apparel dropped and autos were unchanged. Core CPI (ex food & energy) was also 0.2% bringing the y-o-y reading to 2.2%. Builders unexpectedly started construction on more homes in June while their permits for future construction fell (1406K vs. 1501K prior reading).”
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-- By +Chris Duncan
