Tuesday, May 17, 2016

CPI Increased Broadly in April

The Consumer Price Index increased 0.4% in April, as the indices for food, energy and all items less food and energy rose during the month. Over the last 12 months, the all items index rose 1.1% before seasonal adjustment.

The energy index rose 3.4% in April, the largest increase since February 2013. The gasoline index drove the increases, rising 8.1% during the month. Fuel oil and natural gas prices also increased, rising 1.9% and 0.6% respectively.

The food index rose 0.2% following a 0.2% decline in March. Prices for food at home advanced 0.1% while prices for food away from home advanced 0.2%. Dairy and related products rose 0.4% in April. In contrast, the index for fruits and vegetables fell for the second straight month, falling 0.5%.

Prices for all items less food and energy increased 0.2% in April, compared to a 0.1% rise in March. The indices for transportation services, medical care commodities, medical care services and shelter all increased, while the indices for new and used vehicles, apparel and commodities fell.

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