The
Bureau
of
Labor
Statistics reported that
the
Consumer
Price
Index
in
the
US
climbed
3.4%
in
April
from
year-ago
levels
–
a
tick
downward
from
March’s
3.5%
rate.
Core
CPI,
which
excludes
volatile
food
and
energy
costs,
rose
3.6%
in
April
over
the
last
12
months
after
rising
3.8%
in
March.
The
CPI
climbed
0.3%
in
April
from
month-ago
levels
after
rising
0.4%
in
March.
Core
CPI
also
rose
0.3%
after
rising
0.4%
in
March.
The
BLS
reported:
“The
index
for
shelter
rose
in
April,
as
did
the
index
for
gasoline.
Combined,
these
two
indexes
contributed
over
seventy
percent
of
the
monthly
increase
in
the
index
for
all
items.”
The
April
CPI
was
forecast
to
show
a
0.4%
increase
from
the
month
before
–
the
same
reading
in
the
March
report.
Meanwhile,
core
CPI,
which
excludes
highly
volatile
food
and
energy
prices,
was
predicted
to
decline
to
0.3%
from
0.4%
in
March.
On
an
annual
basis,
the
April
CPI
had
been
forecast
to
show
the
annual
inflation
rate
at
3.4%
in
April
from
3.5%
in
March.
The
core
CPI
year
over
year
had
been
forecast
to
rise
to
3.6%
in
April
from
3.8%
in
March.
April
CPI
Report
Key
Stats
•
CPI
rose
0.3%
for
the
month
after
rising
0.4%
in
March
•
Core
CPI
climbed
0.3%
after
increasing
by
0.4%
in
March
•
CPI
climbed
3.4%
year
over
year
after
increasing
by
3.5%
the
prior
month
•
Core
CPI
climbed
3.6%
from
year-ago
levels
after
growing
3.8%
in
March
Energy
prices
were
mixed
overall
for
the
month
after
growing
1.1%
the
prior
month.
Utility
(piped)
gas
service
prices
fell
2.9%,
fuel
oil
prices
increased
0.9%,
gasoline
prices
rose
2.8%,
and
electricity
prices
fell
0.1%.
In
April,
shelter
prices
increased
0.4%
after
increasing
by
the
same
amount
in
March.
This
article
was
partially
generated
by
Wordsmith,
an
automated
smart-text
platform,
using
data
from
the
Bureau
of
Labor
Statistics.
The
article
has
been
reviewed
by
Morningstar
editors.
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