Wednesday, May 14, 2008

Inflation pressures ease despite food price jump

Amazing considering the Feds overzealous rate reductions.

WASHINGTON (AP) -- Inflation pressures eased a bit in April despite the biggest jump in food prices in 18 years.

The Labor Department reported Wednesday that consumer prices edged up 0.2 percent last month, compared to a 0.3 percent rise in March.

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