Updated: 11-May-22 09:27 ET
| April CPI |
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| Updated: 11-May-22 09:27 ET |
Highlights
- Total CPI increased 0.3% month-over-month in April (Briefing.com consensus 0.2%) and core CPI increased 0.6% month-over-month (Briefing.com consensus 0.4%).
- Total CPI was up 8.3% year-over-year, down from 8.5% year-over-year in March, and core CPI was up 6.2% year-over-year, down from 6.5% year-over-year in March.
Key Factors
- The food index was up 0.9% month-over-month and was up 9.4% year-over-year (versus 8.8% in March).
- The energy index declined 2.7% month-over-month and was up 30.3% year-over-year (versus 32.0% in March). The gasoline index dropped 6.1% month-over-month and was up 43.6% year-over-year (versus 48.0% in March).
- The shelter index was up 0.5% month-over-month and 5.1% year-over-year (versus 5.0% in March).
- Exclude food, energy, and shelter, and the all items index was up 6.9% year-over-year on an unadjusted basis (versus 7.5% in March).
Big Picture
- The key takeaway from the report is that it provided some leeway that suggests peak inflation might have been hit, but with the moderation not as significant as had been hoped, it also stirred concerns that inflation might stick at persistently high levels longer than anyone would like, including the Fed.
| Category | APR | MAR | FEB | JAN | DEC |
| All Items | 0.3% | 1.2% | 0.8% | 0.6% | 0.6% |
| Food and Beverages | 0.8% | 1.0% | 1.0% | 0.8% | 0.5% |
| Housing | 0.6% | 0.7% | 0.5% | 0.7% | 0.5% |
| Equivalent Rent | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% |
| Apparel | -0.8% | 0.6% | 0.7% | 1.1% | 1.1% |
| Transportation | -0.4% | 3.9% | 1.9% | 0.4% | 1.4% |
| Vehicles | 0.9% | -1.2% | 0.0% | 0.9% | 1.9% |
| Motor Fuel | -6.1% | 18.3% | 6.6% | -0.8% | 1.3% |
| Medical Care | 0.4% | 0.5% | 0.2% | 0.7% | 0.3% |
| Educ and Commun | -0.2% | -0.2% | 0.0% | 0.1% | 0.1% |
| Special Indices | |||||
| Core | 0.6% | 0.3% | 0.5% | 0.6% | 0.6% |
| Energy | -2.7% | 11.0% | 3.5% | 0.9% | 0.9% |
| Services | 0.8% | 0.7% | 0.5% | 0.6% | 0.3% |
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