The Consumer Price Index was relatively flat last month, while the core CPI rate, excluding energy and food, rose 0.25%. The consumer price index fell 0.6% in April from a year earlier, as a decline in food and energy prices brought consumer prices down.
Here is a breakdown of the inflation benchmark to show you where costs are rising most. For April, the core CPI jumped 0.25%, the largest increase since June 2008. A 2.38% drop in energy prices was led by a 2.8% fall in prices at the pump in April.
- CPI: Down -.02%
- Ex Food & Energy: Up +.25%
- Food: Down -.18%
- Energy: Down -2.38%
- Housing: Down -.07%
- Apparel: Down -.17%
- Transportation: Down -.38%
- Medical Care: Up +.36%
- Recreation: Up -.42%
- Education & Communication: Up +.25%
- Other Goods & Svcs: Up +2.56%
The change in the core shows that at least for now, inflation is not an issue. The futures are pointing lower this morning after the S&P 500 rebounded yesterday from three days of consecutive losses. In the pre-markets, Caterpillar , Chevron , American Express , Alcoa , and Citigroup are weighing on the Dow.
Comments? Send them to email@example.com