The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.9 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items increase, followed by increases in the index for used cars and trucks and the index for gasoline. The increase in the gasoline index more than offset declines in other energy component indexes, and the energy index rose 0.6 percent in April. The ... (full story)

CPI MoM 0.4% vs 0.4% expected • Prior MoM reading was 0.1% • CPI YoY 4.9% vs 5.0% expected. Lowest since February 2021 • Core CPI MoM 0.4% versus 0.4% expected • Core YoY 5.5% versus 5.5% expected • Shelter 0.4% versus 0.6% last month The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in April on a seasonally adjusted basis, following a 0.1% rise in March. Over the last 12 months, the all items index grew by 4.9% before seasonal adjustment. The shelter index was the primary contributor to the monthly increase, accompanied by growth in the used ... (full story)

A widely followed measure of inflation rose in April, despite more than a year’s worth of Federal Reserve interest rate increases. The consumer price index, which measures the cost of a broad swath of goods and services, increased 0.4% for the month, in line with the Dow Jones estimate. However, that equated to an annual increase of 4.9%, slightly less than the 5% estimate. Excluding volatile food and energy categories, core CPI rose 0.4% and 5.5% from a year ago both in line with expectations. Increases in shelter, gasoline and used vehicles pushed the index higher, and were offset somewhat by declines in prices for ... (full story)