The BLS reports the CPI for all items rose 0.3% in April led by gasoline and shelter.

CPI Month-Over-Month

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Key Month-Over-Month Points

  • 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 gasoline index continued to increase, rising 5.7 percent and accounting for over two-thirds of the seasonally adjusted all items monthly increase. The index for energy rose 2.9 percent, although the index for natural gas declined and the index for electricity was unchanged.
  • The food index fell in April, its first monthly decline since June 2017.
  • The index for all items less food and energy increased 0.1 percent for the third consecutive month.
  • The indexes for shelter, medical care, education, and new vehicles all rose in April. The indexes for used cars and trucks, apparel, and household furnishings and operations were among those that declined over the month.

CPI Year-Over-Year

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CPI Year-Over Year Key Points

  • Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.
  • The all items index increased 2.0 percent for the 12 months ending April, the largest 12-month increase since the period ending November 2018.
  • The index for all items less food and energy rose 2.1 percent over the last 12 months, and the food index rose 1.8 percent.
  • The energy index increased 1.7 percent over the past year after posting 12-month declines the past 4 months.

Econoday Consensus

The Econoday consensus called for a 0.4% rise in the CPI with the Core up 0.2%. Both underperformed by 0.1 percentage points.

Your Results

Your results no doubt vary from the BLS report especially if you buy your own health insurance.

The BLS says year-over-year health care commodities are up a mere 0.2%, and health care services are up 2.3%.

I question both.

Mike "Mish" Shedlock

CPI Benign at 0.2%, Core CPI Lower Than Expected 0.1%: What Do You Believe?

The CPI came in at 0.2% meeting economists expectations. Core CPI came in at 0.1% under economists expectations of 0.2%.

CPI Jumps 0.41% in March: Gasoline, Up 6.5%, Core CPI Up 0.15%

The CPI jumped 0.4% in March but core CPI, excluding food and energy only rose 0.1%.

CPI-U +0.2%, Core +0.1%: Medical Care and Shelter Components Highly Questionable

The CPI came in under expectations across the board. I question shelter and medical components.

Year-Over-Year Core CPI Jumps Most Since 2008

Economists expected a 0.2% rise in the CPI but not a new high in the year-over-year core CPI.

CPI Up 0.1 Percent: How Much is the CPI Understated?

The BLS says the CPI is up 0.1% for the month and 2.1% from a year ago. What's the real story?

Curious September Energy Decline in CPI, With Crude and Gas Futures Rising

The BLS says the energy index declined 0.5 percent in September, but the price of crude rose. Overall the CPI rose 0.1%.

CPI Unchanged in Nov as Gasoline and Apparel Decline, Shelter and Food Rise

The CPI came in unchanged for November as expected today. Energy, apparel, and transportation were all negative.

CPI Rises 0.3% in October Led by Gasoline Index: This Won't Last

The Consumer Price Index rose 0.3% in October. The gasoline index was responsible for over one-third of the rise.

Producer Price Inflation Lower Than Expected

The PPI and core PPI each rose 0.1% month-over-month. Economists expected a 0.2% rise in both.