Inflation Contagion: April CPI Hits 3.8% as Energy Shock Bleeds Into Core
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The consumer price index (CPI) for April has been reported at 3.8%, with energy prices affecting core inflation. Mortgage rates have been fluctuating, with reports of rates stabilizing at 6.36%, rising to 6.3%, and easing to various levels including 6.15% and 6.85%. The movement in mortgage rates and inflation appears to be part of a broader economic trend, with earlier reports suggesting a lower inflation rate in February.
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