Economic Indicators - The Consumer Price Index (CPI) increased by 0.4% month-over-month, exceeding the expected 0.3% for the core CPI [1] - Year-over-year CPI rose to 2.9% from 2.7%, while the core rate remained at 3.1% [1] - Initial jobless claims saw a significant increase to 263,000 from an unrevised number of 237,000 [1] Employment Data - Continuing claims decreased slightly to 1,939,000 from 1,940,000, indicating a lower rate of unemployment insurance filings [2] Sector Performance - The energy index rose by 0.7%, driven by rising prices from air power plants [2] - Food prices increased by 0.5%, with food at home rising by 0.6% [2][3] - Various sectors including airline fares, used cars, trucks, apparel, and new vehicles experienced price increases [3] Core Services - The core services rate increased by 0.3%, a slight decline from the previous month's 0.4% [3][4] - The current inflation figures may not significantly influence the Federal Reserve's decision on interest rate adjustments [4]