Inflation in April continued its steady cooldown, but its slow pace shows it’s still resilient, too, according to the consumer price index report released Wednesday. Here’s what else you need to know.
Inflation in April continued its steady cooldown, but its slow pace shows it’s still resilient, too, according to the Bureau of Labor Statistics' consumer price index report released Wednesday. Here’s what else you need to know.
People are also reading… The month-to-month increase was up slightly: 0.4% for April compared with 0.1% in March. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio 3. Blame the increase on gas, rent and used cars Energy was showing signs of slowing with a 3.5% decline from February to March, but it’s now up 0.6% in April. The increase was primarily due to gasoline, which rose 3% in April after a 4.6% decline in March.
When you remove food and energy from the equation, the April increase was primarily caused by shelter, which increased 0.4% from March to April. That’s down from the 0.6% increase from February to March, but the big picture is the 12-month increase. On an annual basis, shelter is up 8.1%.
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