|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- The Rising Mountain of Debt May Be the Next Crisis
- Latvian Banker Taking Souls as Collateral
- US Home Prices Seen Falling 40% Overall: Analyst
- SEC May Reinstate Rules for Short-Selling Stocks
- NY City Apartment Sales Down More Than 50%
- The Worst Expected 2010 State Budget Gaps
- Health Care on Brink of IT Revolution
- Alaska Governor Sarah Palin Will Resign
- Cuddle Parties Heat Up
- The Rising Mountain of Debt May Be the Next Crisis
- North Korea Fires Short Range Missiles: Reports
- SEC May Reinstate Rules for Short-Selling Stocks
- Major Nations Should Back the Dollar: Japan
- Earnings Season: A Likely Game-Changer
- Slideshow: Best-Selling Fourth of July Fireworks
- Latvian Banker Taking Souls as Collateral
- OPEC President Says Is Satisfied with Current Oil Price
- Divisions Dominate as Third Quarter Begins
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- TeleMedicine Gets An Apple App Store Facelift
Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.
![]() |
CNBC.com |
The rise in April prices was less than the 0.3 percent gain Wall Street analysts polled by Reuters were expecting after a 0.3 percent advance in March.
So-called core prices, which exclude volatile food and energy, were up just 0.1 percent, half the increase analysts had forecast.
During the month, energy prices were unchanged after a 1.9 percent rise in March, as gasoline prices dropped 2 percent.
However, energy prices are up 15.9 percent from the same time a year ago.
Meanwhile, in a sign higher energy prices are in the pipeline for U.S. consumers, oil hit a record high this week likely pushing gasoline prices higher from record high levels.
Still, year-over-year consumer prices rose more modestly than forecast. Overall prices advanced 3.9 percent from April a year ago and core prices were up 2.3 percent. Analysts were expecting a 4.0 percent advance in overall prices and a 2.4 percent gain in core prices.









