The Consumer Price Index for April reversed last month’s course and rose by 0.2%. Inflation increases were across the board. Food rose 0.2%, energy 1.1% and all other items together increased 0.1%. Shelter continues on it’s tear with a 0.3% monthly increase. Natural gas had a huge monthly increase of 2.2%. Fresh vegetables had the largest monthly jump since February 2011, an increase of 5.1%.
Yearly overall inflation was 2.2% and is shown in the below graph. This is less than March’s 2.4% annual inflation rise but the average prices increase over the last 10 years has been much lower, 1.7%.
Core inflation, or CPI with all food and energy items removed from the index, has increased 1.9% for the last year. and this is the same as last month. Core inflation isRead More »