Consumer price index in April: inflation rose slightly higher last month

Inflation rose In April, it remained higher than the target rate of the federal reserve, where the economic impact of high definitions is expected to affect consumer prices in the coming months.

The work statistics office said on Tuesday that Consumer price index (CPI) – A wide scale for the amount of daily commodities such as gasoline, scaffold and rental cost – 0.2 % in April compared to last month, increased by 2.3 % on an annual basis. The annual inflation rate has been the lowest since February 2021.

Each of these numbers was slightly cooler than the estimates of the Economists included in LSEG, who expected a monthly number of 0.3 % and an annual enlargement of 2.4 %. Monthly inflation comes after an unexpected decrease in March, when it decreased by 0.1 %. The main inflation did not change in April.

The so -called basic prices, which exclude more volatile measurements of gasoline and food to better assess price growth trends, increased by 0.2 % than the previous month, slightly cooler than expected, and 2.8 % on an annual basis, in line with economists’ expectations. The main number did not change, while the monthly number increased by an increase of 0.1 % a month ago.

The report showed that inflationary pressures in the American economy are still fixed despite the progress of inflation from the Federal Reserve goal by 2 % in recent years.

Creating high inflation is severe financial pressure for most American families, which are forced to pay more for daily necessities such as food and rent. It is especially difficult for low -income Americans, because they tend to spend more salary that has already been placed on necessities and have less flexibility to save money.

Food prices fell 0.1 % in April and were 2.8 % higher on an annual basis. The dining index at home decreased by 0.4 % for this month and 2 % from last year, while food increased from home by 0.4 % and 3.9 % from last year.

Egg prices decreased by 12.7 % in April, as the cooling trend continued after the industry witnessed rapid growth in prices last year due to the outbreak of bird flu. The meat, poultry and fish index did not change in April, while the dairy index decreased by 0.2 %, the grain index and bakery products decreased by 0.5 % for this month, and the fruit and vegetable index decreased by 0.4 % for April.

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