INFLATION COOLED TO LOWEST LEVEL SINCE 2021

Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in April, after falling 0.1% in March.
  • CPI increased 2.3% from a year ago, down from 2.4% in March.
  • 2.3% is the lowest reading since February 2021.
  • The index for shelter rose 0.3%, the index for food fell 0.1%, and the energy index rose 0.7% over the month.
  • The index for food at home fell 0.4% over the month while the index for food away from home rose 0.4%.
  • The core CPI, which excludes food and energy, rose 0.2% in April and is up 2.8% from the previous year.
  • The energy index is down 3.7%, the food index is up 2.8%, and shelter is up 4.0% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source