- The Consumer Price Index (CPI) rose 0.4% in April after rising 0.1% in March.
- CPI increased 4.9% from a year ago, down from 5.0% in March, and the lowest reading since April 2021.
- The rate of price increases fell below 5% after twenty-two consecutive months.
- The index for energy decreased 3.5% over the month, food was unchanged, and shelter increased by 0.6% over the month.
- The core CPI, which excludes food and energy, rose 0.4% in April and is up 5.5% from the previous year.
- The energy index is down 5.1% and the food index is up 7.7% from the previous year.
- The Right Facts will continue to monitor CPI.