CPI, April and Inflation
Digest more
Annual inflation rate in Apr. hits lowest level since 2021
Digest more
U.S. April wholesale inflation measured by the Producer Price Index fell 0.5%, seasonally adjusted. That's the biggest drop since 2020, according to the Bureau of Labor Statistics.
Wholesale prices took their largest month-to-month dive in April since the height of the coronavirus pandemic amid Trump’s ongoing trade war. The producer price index (PPI), a measure of wholesale
The crypto market stood at $3.4 trillion as the Consumer Price Index (CPI) in April stood at 2.3% over the last 12 months, the Bureau of Labor Statistics reported on May 13. The Federal Reserve has set an inflation target of 2%. As per Kraken's price feed, Bitcoin was trading at $103,587 at press time.
Prices for other foods declined in April. Inflation in the fresh fruits and vegetables group dropped by 0.7%, with lettuce and tomato prices both down by over 6%. Dried beans, peas and lentils, however, were up by nearly 6%, underscoring the volatile nature of food prices.
Shelter costs, the consumer price index’s measure of how much people pay for housing, were up again last month. The sector, a persistently inflationary category, is proving a headache for economists and Fed officials looking to rein in price growth.
US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report