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U.S. consumer prices still increasing at uncomfortably rapid pace [Toronto Globe and Mail (Ontario, Canada)]

Performance Food Group Company (PFGC) 
Last performance food group company earnings: 2/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.pfgc.com
The pressures that have kept inflation elevated for months remain strong, fresh data released Wednesday showed, a challenge for households that are trying to shoulder rising expenses and for the White House and Federal Reserve as they try to put the economy on a steadier path. Annual inflation moderated for the first time in months in April, but the consumer price index still increased 8.3%, an uncomfortably rapid pace. At the same time, a closely watched measure that subtracts food and fuel costs accelerated. Core inflation – which excludes costs for groceries and gas – picked up 0.6% in April from the prior month, faster than its 0.3% increase in March. That measure is particularly important for policy-makers, who use it as a gauge to help determine where inflation is headed. While the letup in annual inflation gave President Joe Biden and the Fed a dose of comfort, the overall picture remains worrying. Policy-makers have a long way to go to bring price increases down to more normal Show less Read more
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