ACTV - AIER Everyday Price Index Rises For Fifth Consecutive Month
2024-05-15 13:25:00 ET
Summary
- In April 2024, fourteen constituents of the Everyday Price Index rose in price, with the largest increases taking place in motor fuel, food away from home, and personal care services.
- In the 12 months from April 2023 to April 2024, headline CPI rose 3.4 percent and core CPI rose 3.6 percent, both of which were consistent with surveys.
- Should the April CPI data be followed by signs that disinflation is resuming in the coming months, they - combined with growing indications of softening labor market conditions and declining consumption - are likely to bring rate cuts back into focus for the Federal Reserve.
The AIER Everyday Price Index rose for a fifth consecutive month in April 2024. The 0.59 percent increase brings our proprietary inflation measure to 290.9....
AIER Everyday Price Index Rises For Fifth Consecutive Month