Consumer Price Index and Inflation

SOURCE www.breitbart.com
The consumer price index rose 0.3 percent in April compared to the previous month. Core inflation, excluding food and energy, also rose 0.3 percent. Prices are up 3.4 percent compared to 12 months earlier. Inflation surged in the first few months of the year after declining last year. The Federal Reserve anticipated rate cuts but is now reconsidering due to higher-than-expected inflation.

Key Points

  • Consumer Price Index rose 0.3 percent in April compared to the previous month.
  • Core inflation, excluding food and energy, also rose 0.3 percent.
  • Inflation surged in the first few months of the year after declining last year.
  • Federal Reserve's rate cut expectations have been revised due to higher-than-expected inflation.

Pros

  • Inflation data is provided for both month-to-month and year-over-year comparisons.
  • Detailed breakdown of various categories affecting the Consumer Price Index is included.

Cons

  • Inflation has been higher than expected in the first few months of the year.