Economic Reports Out Today

Inflation in the price of consumption was benign in April, when the production in New York contract is less than anticipated this month, two releases in the 8:30 am shows.

The index of consumer prices remained unchanged in April, after some 0.1% decline in March. Price of the core - which excludes the temporary components of food and energy - advanced by 0.3% in the month, two-tenths more than expected, after each 0.2% increase in March.

Growth in core prices is a reflection of 0.4% increases in prices of vehicle and medical expenses, plus a 9.3% gain in tobacco products.

About 12 months later, the headline CPI has fallen 0.7% and core CPI increased 1.9%, a tenth below the unofficial target rate for federal reserve.

Meanwhile, the review of the status of empire suggests that the manufacturing conditions in New York early hiring is being much more slowly than in May. The reading climbed to its highest since August to -4.6, following a count -14.7 in April and a record-low -38 in March.

The general index of future business conditions rose up 11 points to 43.8, its highest level since late 2007, the report said. This index showed a cumulative increase of more than 40 points over the past two months.