The long-awaited CPI figures were pretty much a flop yesterday, with a tiny rebound for 3 minutes, before indices lost their mojo and ended the session lower. Investors were not impressed because although data showed US inflation was slightly lower than expected in March, at 5% year-on-year - while 5.1% was expected by economists - core inflation was slightly higher than in February. This is in line with what was expected in this case, but it also shows that prices are still on the rise.
