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CPI Reduction Rate Slows

The CPI has only dropped by a measly 1/10 of 1%, from 6.5% in December to 6.4%. Above expectations: expected 6.2%. Core inflation has surged to 5.6%. Energy prices are up to 8.7%. Services excluding housing are up to 8%. Shelter up to 7.9%. And, food up to 10.1%.