Slowing inflation elicited only a muted response from markets, suggesting that investors are preoccupied with other concerns.
Prices in the U.S. are still rising, but at a slower pace. Consumer prices in April
— slightly lower than the estimate of 5%. Core CPI, which excludes food and energy, rose 0.4% for the month and 5.5% from a year ago, in line with expectations.. Prices in April declined 0.1% from March, and rose merely 0.1% from a year ago. Both figures were below economist estimates. China's core inflation rose 0.1% on a monthly basis and 0.7% year on year.
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