CPI Continues to Rise

By Staff Writer May 16, 2024

The Consumer Price Index for All Urban Consumers increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported.

Over the last 12 months, the all items index increased 3.4% before seasonal adjustment.

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 energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home index declined 0.2%, while the food away from home index rose 0.3% over the month.

The index for all items less food and energy rose 0.3 percent in April, after rising 0.4% in each of the 3 preceding months. Indexes which increased in April include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles were among those that decreased over the month.

The all items index rose 3.4% for the 12 months ending April, a smaller increase than the 3.5% increase for the 12 months ending March. The all items less food and energy index rose 3.6% over the last 12 months. The energy index increased 2.6% for the 12 months ending April. The food index increased 2.2% over the last year.

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Last modified on Saturday, 18 May 2024 12:00