Core Inflation Remains Calm in April

Core inflation appears to have been fairly calm in April, according to a story running on MarketWatch.com. While surging energy prices rose a significant 0.9 per cent, prices outside of the energy arena stayed fairly well contained.

Economists have, unsurprisingly, different outlooks:

“Fears of inflation have worsened in the financial markets lately, but today’s figures show that they are exaggerated,” said Roger Kubarych, an economist for HVB Group, in the MarketWatch story.

Dana Saporta, an economist for Stone & McCarthy Research, countered: “While core inflation, as measured by the core PPI, continues to look benign, we still need to be concerned about the potential for a more pronounced pass-through of higher energy prices to the prices of non-energy goods.?

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