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US CPI increased by 0.1%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics  reported today. Over the last 12 months, the all items index rose 2.2 percent  before seasonal adjustment.

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Unemployment Claims decreased to 236,000

In the week ending May 6, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week's unrevised level of 238,000. The 4-week moving average was 243,500, an increase of 500 from the previous week's unrevised average of 243,000. The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week's unrevised rate.

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US PPI rose more than expected

The Producer Price Index for final demand advanced 0.5 percent in April, seasonally adjusted,  the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in March and climbed 0.3 percent in February.  On an unadjusted basis, the final demand index rose 2.5 percent for the 12 months ended April 2017, the largest increase since  moving up 2.8 percent for the 12 months ended February 2012.

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Crude inventories drop sharply, as imports decline - EIA

U.S. crude stocks fell last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories fell by 5.2 million barrels in the week to May 5, compared with analysts' expectations for a decrease of 1.8 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 438,000 barrels, EIA said.

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