{"id":175372,"date":"2023-05-10T08:49:39","date_gmt":"2023-05-10T15:49:39","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=175372"},"modified":"2023-05-10T08:49:39","modified_gmt":"2023-05-10T15:49:39","slug":"cpi-rose-4-9-in-year-through-april-10th-straight-month-of-decline-in-inflation","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=175372","title":{"rendered":"CPI Rose 4.9% in Year through April, 10th Straight Month of Decline in Inflation"},"content":{"rendered":"<pre><span style=\"font-family: georgia, palatino, serif;\">\nThe Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted\nbasis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the\nlast 12 months, the all items index increased 4.9 percent before seasonal adjustment.\n\nThe index for shelter was the largest contributor to the monthly all items increase, followed by increases in\nthe index for used cars and trucks and the index for gasoline. The increase in the gasoline index more than\noffset declines in other energy component indexes, and the energy index rose 0.6 percent in April. The food\nindex was unchanged in April, as it was in March. The index for food at home fell 0.2 percent over the month\nwhile the index for food away from home rose 0.4 percent.\n\nThe index for all items less food and energy rose 0.4 percent in April, as it did in March. Indexes which\nincreased in April include shelter, used cars and trucks, motor vehicle insurance, recreation, household\nfurnishings and operations, and personal care. The index for airline fares and the index for new vehicles\nwere among those that decreased over the month.\n\nThe all items index increased 4.9 percent for the 12 months ending April; this was the smallest 12-month\nincrease since the period ending April 2021. The all items less food and energy index rose 5.5 percent over\nthe last 12 months. The energy index decreased 5.1 percent for the 12 months ending April, and the food index\nincreased 7.7 percent over the last year. \n<\/span>\n<span style=\"font-family: georgia, palatino, serif;\"><strong>Food<\/strong>\n\nThe food index was unchanged in April. The food at home index fell 0.2 percent over the month, following a\n0.3-percent decrease in March. Four of the six major grocery store food group indexes decreased over the month\n. The index for fruits and vegetables decreased 0.5 percent in April, and the index for meats, poultry, fish,\nand eggs declined 0.3 percent over the month. The dairy and related products index decreased 0.7 percent in\nApril as the milk index fell 2.0 percent, the largest decline in that index since February 2015. The\nnonalcoholic beverages index declined 0.1 percent over the month.\n\nIn contrast, the index for other food at home rose 0.2 percent in April, following a 0.4-percent increase the\nprevious month. The cereals and bakery products index increased 0.2 percent over the month, after advancing\n0.6 percent in March. \n\nThe food away from home index rose 0.4 percent in April. The index for full service meals increased 0.1\npercent over the month and the index for limited service meals increased 0.6 percent. \n\nThe food at home index rose 7.1 percent over the last 12 months. The index for cereals and bakery products\nrose 12.4 percent over the 12 months ending in April. The remaining major grocery store food groups posted\nincreases ranging from 2.0 percent (fruits and vegetables) to 10.4 percent (other food at home).\n\nThe index for food away from home rose 8.6 percent over the last year. The index for full service meals rose\n7.2 percent over the last 12 months, and the index for limited service meals rose 8.2 percent over the same\nperiod. \n\n<strong>Energy<\/strong>\n\nThe energy index rose 0.6 percent in April after decreasing 3.5 percent in March. The gasoline index increased\n3.0 percent in April, following a 4.6-percent decrease in the previous month. (Before seasonal adjustment,\ngasoline prices rose 5.2 percent in April.) \n\nOther energy components declined, as the natural gas index decreased 4.9 percent over the month, the third\nconsecutive decrease in that index. The index for electricity decreased 0.7 percent in April, as it did in\nMarch. The fuel oil index also declined in April, down 4.5 percent.\n\nThe energy index fell 5.1 percent over the past 12 months. The gasoline index decreased 12.2 percent over the\nlast 12 months, while the natural gas index fell 2.1 percent, and the fuel oil index fell 20.2 percent over\nthe span. In contrast, the index for electricity rose 8.4 percent over the last year. \n\n<strong>All items less food and energy<\/strong>\n\nThe index for all items less food and energy rose 0.4 percent in April, as it did in March. The shelter index\nincreased 0.4 percent over the month after rising 0.6 percent in March. The index for rent rose 0.6  percent\nin April, and the index for owners' equivalent rent rose 0.5 percent over the month. The index for lodging\naway from home decreased 3.0 percent in April after rising in each of the previous four months. \n\nThe shelter index was the largest factor in the monthly increase in the index for all items less food and\nenergy. Among the other indexes that rose in April was the index for used cars and trucks, which increased\n4.4 percent, and the index for motor vehicle insurance which increased 1.4 percent. The indexes for recreation,\nhousehold furnishings and operations, personal care, apparel, and education also increased in April. \n\nSeveral indexes declined in April, led by the airline fares index which fell 2.6 percent over the month after\nrising in February and March. The index for new vehicles declined 0.2 percent and the index for communication\ndecreased 0.1 percent in April.\n\nThe medical care index was unchanged in April, after falling 0.3 percent the previous month. The index for\nhospital services rose 0.5 percent over the month, after a 0.4-percent decline in March. The prescription\ndrugs index increased 0.3 percent in April, while the physicians' services index was unchanged. \n\nThe index for all items less food and energy rose 5.5 percent over the past 12 months. The shelter index\nincreased 8.1 percent over the last year, accounting for over 60 percent of the total increase in all items\nless food and energy. Other indexes with notable increases over the last year include motor vehicle insurance\n(+15.5 percent), household furnishings and operations (+5.3 percent), recreation (+5.0 percent), and new\nvehicles (+5.4 percent). \n\n<strong>Not seasonally adjusted CPI measures<\/strong>\n\nThe Consumer Price Index for All Urban Consumers (CPI-U) increased 4.9 percent over the last 12 months to an\nindex level of 303.363 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal\nadjustment.  \n\nThe Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.6 percent over the\nlast 12 months to an index level of 297.730 (1982-84=100). For the month, the index increased 0.6 percent\nprior to seasonal adjustment.  \n\nThe Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 5.2 percent over the last 12\nmonths. For the month, the index increased 0.5 percent on a not seasonally adjusted basis. Please note that\nthe indexes for the past 10 to 12 months are subject to revision. <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.9 percent before seasonal adjustment. The index for shelter was the largest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-175372","post","type-post","status-publish","format-standard","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175372"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175372\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}