The Labor Department reported that consumer prices slid 0.1% last month. The CPI posted its first annual drop since 1955.
Core consumer prices, which exclude volatile food and energy prices, rose by 0.2%. That was more than expected. Interestingly, there was an 11% jump in tobacco prices which caused much of the gain. That’s good news for Alliance One International (AOI) which is a tobacco stock I recommend in Quantum Growth. Shares of AOI are up nearly 30% this year.