US CPI accelerates to +0.4% from the previous month in April due to rising gasoline prices | Reuters

2023-05-10 12:03:00

The U.S. Labor Department’s seasonally adjusted consumer price index (CPI) rose 0.4% in April from the previous month, accelerating from 0.1% in the previous month. This is due to rising gas prices and rents. FILE PHOTO: New York, June 2022. REUTERS/Andrew Kelly

WASHINGTON (Archyde.com) – The U.S. Labor Department’s seasonally adjusted consumer price index (CPI) rose 0.4% in April from the previous month’s 0.1% increase, the Labor Department said on Wednesday. . This is due to rising gas prices and rents. The core index also maintained high growth. The U.S. Federal Reserve may remain hawkish for the time being.

The year-on-year growth rate is 4.9%. It was 5.0% last month.

Economists polled by Archyde.com had forecast a 0.4% increase from the previous month and a 5.0% increase from a year earlier.

The core index, which excludes food and energy, which fluctuate greatly, increased by 0.4% from the previous month, the same as the previous month. The year-on-year rate of increase is 5.5%. It was 5.6% last month.

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