Consumer Prices on the Rise

Consumer Prices on the Rise

The Labor Department reported on Tuesday that the April Consumer Price Index (CPI) on a year-over-year basis jumped by 1.5%, led higher by increased costs for food and shelter. The numbers come after the hotter than expected Producer Price Index (PPI) last week. Both the CPI and PPI measure inflation at the consumer and wholesale levels, respectively. And yes it is just one month of hotter inflation, but the Fed will be closely watching the numbers for April for any signs of a trend.


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