CPI: Inflation rose 0.2% in Apr., 2.3% on year
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The Consumer Price Index (CPI) was 2.3% higher than a year ago, the Bureau of Labor Statistics said Tuesday, below the economists’ expectations of 2.4% and the previous reading. The monthly gain was 0.
Follow live coverage and analysis of the April consumer price index report, released earlier today. The inflation data showed some early impact of tariffs.
The US Bureau of Labor Statistics reported a 2.3% increase in the all items Consumer Price Index for the 12 months to the end of last month, down from 2.4% for the 12 months to the end of March. This marked the smallest rise since February 2021 and is well below April 2024’s 3.35%.
CPI shows the 2% inflation target nearing, hinting at possible Fed rate cuts. Explore key market reactions and what this means for your investments.
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Core CPI, which excludes volatile food and energy prices and is seen as a better measure of underlying inflation trends, was up 0.2% from March to April and 2.8% year over year. The monthly figure came in lower than the 0.2% gain expected by economists, while the annual increase matched forecasts.
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