Economics 101 (One - Oh - What?)


WASHINGTON (Reuters) - Soaring food and energy costs pushed U.S. consumer prices up a hefty 0.5 percent in April, but prices were surprisingly tame outside those volatile areas.

Translation: If you remove soaring spikes in food and energy costs of the past couple of months, prices are holding steady! This is great news for all consumers who don't drive, heat and cool their homes or eat.