NEW: Consumer Price Index Inflation 3.4% in April, Core CPI Up 3.6%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent 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 percent, while the food away from home index rose 0.3 percent over the month.

The index for all items less food and energy rose 0.3 percent in April, after rising 0.4 percent 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 percent for the 12 months ending April, a smaller increase than the 3.5-percent increase for the 12 months ending March. The all items less food and energy index rose 3.6 percent over the last 12 months. The energy index increased 2.6 percent for the 12 months ending April. The food index increased 2.2 percent over the last year. 

Ed Morrissey

Both overall and core CPI declined slightly on an annual basis as well as a monthly basis, but emphasis on slightly. Core CPI -- excluding foot and energy -- rose higher at a 3.6% annualized rate. 

Some of the categories have eye-popping results (annualized), though:

  • Food away from home: 4.1%
  • Electricity: 5.1%
  • Shelter: 5.5%
  • Transportation services: 11.2%

Food away from home may become a luxury again, and transportation services too, but electricity and shelter are unavoidable costs for American households. Inflation is far from over for the working and middle classes. 

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