Summary
- April consumer price index (CPI) in the U.S. rose 3.8%% from a year earlier, above the market forecast of 3.7%%.
- April CPI rose 0.6%% from the previous month, matching market expectations but slowing from the prior 0.9%% increase.
- Core CPI, which excludes food and energy, rose 2.8%% from a year earlier and 0.4%% from the previous month, exceeding market forecasts on both measures.
Forecast Trend Report by Period
U.S. consumer prices rose more than expected in April.
The Bureau of Labor Statistics said on May 12 that the consumer price index increased 3.8% from a year earlier in April. That was above the market forecast of 3.7%. The previous reading was 3.3%.
On a monthly basis, the CPI rose 0.6%. That matched market expectations and was lower than the previous 0.9% increase.
Core CPI, which excludes food and energy, rose 2.8% from a year earlier. That exceeded the market forecast of 2.7%.
Core CPI increased 0.4% from the previous month. That was above the market forecast of 0.3%. The previous reading was 0.2%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
