- April Consumer Price Index increased 0.3% from March, coming in a tick lower than the +0.4% consensus and easing from the +0.4% pace in the first three months of the year.
- Combined, shelter and gasoline prices, contributed more than 70% to the monthly increase in the headline number. The energy index increased 1.1% from March, while the food index was unchanged.
- Other prices that climbed during the month include: Motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles declined over the course of April, the U.S. Bureau of Labor Statistics said.
- On a year-over-year basis, headline CPI rose 3.4% vs. +3.4% expected and +3.5% prior.
- Core CPI, which excludes food and energy prices, rose 0.3% M/M vs. +0.3% expected and +0.4% prior.
- +3.6% Y/Y vs. 3.6% expected and +3.8% prior.
Leave a Reply