Reported about 9 hours ago
The US Bureau of Labor Statistics reports that the Consumer Price Index (CPI) rose by 0.2% month-over-month and 2.3% year-over-year in April, slightly below expectations. This marks the smallest annual increase since February 2021, with shelter costs contributing significantly to the monthly rise. Supercore CPI, excluding food, energy, and housing, also showed a 0.2% monthly increase. Overall, the inflation data indicates a slight easing in price pressures.
Source: YAHOO