U.S. CPI Shows Mixed Price Changes in April
The Consumer Price Index report for April showed gasoline prices rising 28.4 percent from a year earlier while used car prices fell 2.7 percent. Energy prices increased 17.9 percent, electricity rose 6.1 percent and food prices gained 3.2 percent. Shelter costs were up 3.3 percent.
arlnow.comGasoline prices for all types rose 28.4 percent from the same month a year earlier while the broader energy index climbed 17.9 percent. Electricity prices increased 6.1 percent over the period.
Food prices rose 3.2 percent with food at home up 2.9 percent and food away from home increasing 3.6 percent. Shelter costs gained 3.3 percent in the year-over-year comparison. New vehicle prices edged up 0.2 percent while used car prices declined 2.7 percent.
The data comes as officials track inflation trends across the economy. The report details shifts in household spending categories that affect millions of American consumers. Energy price swings in particular have contributed to volatility in the overall index in recent months.
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