Key Points:
- The Consumer Price Index (CPI) rose 0.3% in April, after rising 0.4% in March.
- CPI increased 3.4% from a year ago, down from 3.5% in February and consensus of 3.5%.
- CPI has remained above 3% for 37 consecutive months dating back to April 2021.
- The index for shelter rose 0.4% and the energy index rose 1.1% over the month.
- The index for food at home fell 0.2% over the month while the index for food away from home rose 0.3%.
- The core CPI, which excludes food and energy, rose 0.3% in April and is up 3.6% from the previous year.
- The energy index is up 2.6%, the food index is up 2.2%, and shelter is up 5.5% from the previous year.
- The Right Facts will continue to monitor CPI.