A key measure of consumer inflation increased 0.3 percent in April on a seasonally adjusted…
A key measure of consumer inflation increased 0.3 percent in April on a seasonally adjusted basis after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today.
Over the last 12 months, the “all items” index increased 2.0 percent before seasonal adjustment
However, the gasoline index continued to increase, rising 5.7 percent and accounting for over two-thirds of the seasonally adjusted all items monthly increase.
The index for energy rose 2.9 percent, although the index for natural gas declined and the index for electricity was unchanged. The food index fell in April, its first monthly decline since June 2017.
All items less food and energy increased 0.1 percent for the third consecutive month. The indexes for shelter, medical care, education, and new vehicles all rose in April.
The indexes for used cars and trucks, apparel, and household furnishings and operations were among those that declined over the month.