Inflation surged in Apr. to highest rate since 2023
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One day after the Consumer Price Index (CPI) rattled the stock market, investors got another taste of bitter medicine from the April Producer Price Index (PPI). While the CPI repo
U.S. inflation hit 3.8% in April, the highest since 2023, as energy costs drove nearly half of the monthly increase.
The Bureau of Labor Statistics reported that the Consumer Price Index increased 3.8% in April from year-ago levels after increasing 3.3% in March. Year-over-year core CPI (which excludes volatile food and energy costs) rose 2.8%, outpacing the March rate ...
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Inflation slowed more than expected last month. The consumer price index, an inflation measure, increased 2.8% year-over-year in February. That's under the ...
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.
The April CPI report is expected to show continued high inflation due to the spike in energy prices. Economists will be watching for any signs of inflation spreading into the broader economy. An update on housing costs could additionally lift the April ...
Tuesday’s consumer price index report will be a “spicier” set of figures, the first in a series of readings this week that will feed into the Federal Reserve’s preferred measure of inflation, according to Morgan Stanley’s global head of macro strategy.
The Consumer Price Index for All Urban Consumers (CPI-U) in the New York-Newark-Jersey City area advanced 1% in April, the
Changes to the consumer price index could clarify whether elevated energy prices are driving up the cost of other goods.
The Producer Price Index (PPI) is much more volatile and, on average, much less of a market mover than the Consumer Price Index (CPI), but occasionally, it swings for the fences. Today's release is a clear example with the monthly headline coming in at 1.
The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.