By 
From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted
basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the
last 12 months, the all items index increased 4.9 percent before seasonal adjustment.
The index for shelter was the largest contributor to the monthly all items increase, followed by increases in
the index for used cars and trucks and the index for gasoline. The increase in the gasoline index more than
offset declines in other energy component indexes, and the energy index rose 0.6 percent in April. The food
index was unchanged in April, as it was in March. The index for food at home fell 0.2 percent over the month
while the index for food away from home rose 0.4 percent.
The index for all items less food and energy rose 0.4 percent in April, as it did in March. Indexes which
increased in April include shelter, used cars and trucks, motor vehicle insurance, recreation, household
furnishings and operations, and personal care. The index for airline fares and the index for new vehicles
were among those that decreased over the month.
The all items index increased 4.9 percent for the 12 months ending April; this was the smallest 12-month
increase since the period ending April 2021. The all items less food and energy index rose 5.5 percent over
the last 12 months. The energy index decreased 5.1 percent for the 12 months ending April, and the food index
increased 7.7 percent over the last year.
emphasis addedCPI was slightly lower than expected and core CPI slightly higher than expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.
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