BIL - U.S. Inflation: Work In Progress

2024-05-16 01:20:00 ET

Summary

• The pace of core inflation slowed in April, but more progress is needed.
• After an unexpectedly strong first quarter for U.S. inflation, the Consumer Price Index (CPI) for April showed some disinflationary progress, albeit still from elevated levels.
• Headline CPI printed at 0.3% month-over-month (MoM) and 3.4% year-over-year (YoY), while Core CPI came in at 0.3% MoM and 3.6% YoY.

By Joseph Purtell

The pace of core inflation slowed in April, but more progress is needed.

After an unexpectedly strong first quarter for U.S. inflation, the Consumer Price Index (CPI) for April showed some disinflationary progress, albeit still from elevated levels....

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