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Inflation beginning to tick up

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Inflation beginning to tick up

Consumer Price Index rises the most in ten months in April.

The Labor Department reported today that the Consumer Price Index (CPI) increased 0.3% in April, primarily due to increases in food and energy costs. This follows March’s rise of 0.2%.

Excluding the volatile food and energy sectors, core inflation grew 0.2% during the month, identical to March’s figure.

In the 12 months through April, the inflation rose 1.8%.

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The news follows yesterday’s report from the Bureau of Labor Statistics indicating rising producer prices, and suggests that inflation – long dormant in the sluggish US economy – may be making a comeback.

 

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