Notizie economiche
15.05.2024

U.S. annual inflation eases in line with expectations in April

The Labor Department reported on Wednesday the U.S. consumer price index (CPI) increased 0.3 per cent m-o-m in April, following an unrevised 0.4 per cent m-o-m gain in the previous month. This was the softest one-month rise in headline CPI in three months

Over the last 12 months, the CPI climbed by 3.4 per cent y-o-y, slowing from an unrevised soar of 3.5 per cent y-o-y reported for the period ending in March. 

Economists had forecast the U.S. CPI to move up 0.4 per cent m-o-m and 3.4 per cent y-o-y.

According to the report, the index for shelter (+0.4 per cent m-o-m) and the index for gasoline (+2.8 per cent m-o-m) both increased in April, contributing over seventy per cent of the monthly gain in the index for all items. Meanwhile, the food index remained unchanged.

The core CPI, excluding volatile food and fuel costs, went up 0.3 per cent m-o-m in April after an unrevised 0.4 per cent m-o-m gain in the previous month. This represented the smallest monthly increase in core CPI since December 2023 (+0.3 per cent m-o-m).

In the 12 months through April, the core CPI surged by 3.6 per cent, following an unrevised 3.8 per cent increase for the 12 months ending March. This marked the weakest 12-month rise since April 2021 (+3.0 per cent).

Economists had expected the core CPI to rise by 0.3 per cent m-o-m and 3.6 per cent y-o-y in April.

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