CPI: Inflation rose 0.2% in Apr., 2.3% on year
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Tariff effects will significantly impact upcoming Consumer Price Index data, according to Ellen Zentner, Chief U.S. Economist at Morgan Stanley. During an interview with CNBC, Zentner explained that these trade policies are already influencing key economic indicators and creating market uncertainty.
The US Bureau of Labor Statistics reported a 2.3% increase in the all items Consumer Price Index for the 12 months to the end of last month, down from 2.4% for the 12 months to the end of March. This marked the smallest rise since February 2021 and is well below April 2024’s 3.35%.
Follow live coverage and analysis of the April consumer price index report, released earlier today. The inflation data showed some early impact of tariffs.
Inflation slows with headline CPI at +2.3% Y/Y, lowest since Feb 2021. Click for more on the data and what it may mean for the markets.
The latest consumer-price index is expected to show prices rose 2.4% in the 12 months through April, the same rate as a month earlier. Check out below how inflation has tracked in recent years:
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