CPI Suggests Fed’s Preferred Inflation Measure Will Rise 0.1% in April
The consumer price index (CPI) rose 0.2% in April, following a 0.1% decrease in March, and now stands at a 2.3% year-over-year increase. Despite moderation in food prices, the sector of full-service restaurants continued to rise due to increased demand. Energy prices saw a 0.7% increase, largely driven by sharp natural gas price hikes. The … Read more