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.
Read the BLS release.
Visit Banks and the Economy