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US consumer inflation expected to have increased further in April amid Iran war
U.S. consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and further bolster expectations the Federal Reserve would keep interest rates unchanged for a while. The Consumer Price Index report from the Labor Department on Tuesday is also expected to show an acceleration in the monthly underlying inflation rate, though that would be because of a one-time adjustment to rent measures after last year's shutdown of the federal government prevented data collection. It would follow on the heels of news last ... (full story)
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent on a seasonally adjusted basis in April, after rising 0.9 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.8 percent before seasonal adjustment. The index for energy rose 3.8 percent in April, ...
The U.S. war with Iran has pushed inflation to its highest level in almost three years. Consumer prices in April were up 3.8% from a year ago, according to a report Tuesday from the Labor Department. That was the biggest annual increase since May 2023. Prices rose 0.6% between March and April. From gas prices to housing, here are three things to know about ...
US annual inflation accelerated more than expected, with the consumer price index rising 3.8% in April from a year ago. Economists expected a 3.7% increase, and it’s the highest inflation rate since 2023. CPI increased 0.6% from March, as expected, and was cooler than March’s 0.9% rise. The new inflation spike is starting to hit workers’ wallets and outpace ...
