(Reuters) - The gain in overall prices outstripped Wall Street
economists' forecasts for a 0.6 percent rise and was the
largest since a 1.2 percent jump in September 2005. But more
closely watched core prices increased only 0.1 percent, lower
than a forecast 0.2 percent rise and down from 0.2 percent in
April.
The muted core price rise was likely to reassure financial
markets that price gains remain tame, notwithstanding Federal
Reserve officials' warning that they still see a danger from
potential inflationary pressures. "Although core inflation
seems likely to moderate gradually over time, the risks to this
forecast remain to the upside," Fed Chairman Ben Bernanke told
a monetary policy conference last week.
Read more at Reuters.com Economic News
economists' forecasts for a 0.6 percent rise and was the
largest since a 1.2 percent jump in September 2005. But more
closely watched core prices increased only 0.1 percent, lower
than a forecast 0.2 percent rise and down from 0.2 percent in
April.
The muted core price rise was likely to reassure financial
markets that price gains remain tame, notwithstanding Federal
Reserve officials' warning that they still see a danger from
potential inflationary pressures. "Although core inflation
seems likely to moderate gradually over time, the risks to this
forecast remain to the upside," Fed Chairman Ben Bernanke told
a monetary policy conference last week.
Read more at Reuters.com Economic News
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