Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in April on a seasonally adjusted basis after falling 0.1 percent in March the U.S. Bureau of Labor Statistics reported today. The indices for gasoline and shelter were the largest factors in the seasonally adjusted increase in the all items index, although the food index increased as well. The indices for household furnishings and operations, personal care, tobacco, medical care, and apparel all increased in April, while those for used cars and trucks, new vehicles, recreation, and airline fares all declined.
The all items index rose 2.5 percent for the 12 months ending April; this figure has been mostly trending upward since it was 1.6 percent for the period ending June 2017.