Inflation eased to 4-year low
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The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.
Food inflation in April tapered by 20 bps to 2.8%. Downward pressure came from cereals, meat, and dairy products; offset by a spike in non-alcoholic beverages. Energy inflation in Mar-25 weakened by 40 bps to -3.7%. Downward pressure again came from fuel and gasoline; offset by a spike in electricity and piped gas.
Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
WPI dropped sharply to 0.85 percent in April from 2.05 percent in March, marking its lowest level in over a year.