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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U.S. Inflation: Work In Progress