Consumer Prices Rose 0.2% in April

The Consumer Price Index increased 0.2% in April on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.1% March decline. Over the last 12 months, the all-items index rose 2.5%.

Prices for all items less food and energy, the “core CPI,” grew 0.1% in April, following a 0.2% March increase. The index rose 2.1% for the 12 months ending in April.

The food index was rose 0.3%. Prices for both food at home grew 0.3%, while food away from home rose 0.2%. Over the past 12 months, food prices are up 1.4%.

The energy index increased 1.4% in April after a 2.8% decline in March. Gasoline prices led the increase, growing 3.0%. The energy index rose 7.9% in the last twelve months.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.