Inflation Number Beats Expectations, Private Sector Adds 90,000 Jobs

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Consumer prices rose 0.3% in the latest month and 3.4% from a year earlier, according to the Commerce Department. Both figures were lower than economists expected.

Economists had forecast a 3.7% annual increase.

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Core prices, which exclude food and energy, rose 0.2% for the month and 3% over the past year, also below forecasts of 0.3% and 3.3%.

CNBC reported:

Consumer prices posted a smaller than expected increase from a year ago, according to the Federal Reserve’s