US Consumer Prices increase by 0.2% in April. | CountingPips Forex & Currency Trading Blog

May 14, 2008 - Forex Economic News

US Consumer Prices increase by 0.2% in April.

Consumer Prices in the U.S. increased by 0.2 percent in April according to a report released today by the U.S. Department of Labor. The April Consumer Price Index gain of 0.2 percent change was below market forecasts which were predicting a 0.3 percent rise and follows a 0.3 percent rise in March. Compared to April of last year, consumer prices were 3.9 percent higher in April 2008. Core inflation, excluding food and energy prices, increased 0.1 percent for April following a 0.2 increase in March. Market forecasts were predicting core inflation to register an increase of 0.2 percent for April. Compared to April of last year, core inflation was 2.4 percent higher in April 2008. Food prices jumped in April with a 0.9 percent increase for the month which marked the highest increase since 1990. Contributing to the rise in food prices were fresh fruits and processed fruits and vegetables which increased by 3.2 and 3.4 percent for the month, respectively. Food prices were 5.0 percent higher in April compared to April of last year.

Tags: consumer price index, cpi, inflation, us, prices,

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