May 15, 2024
The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.3 percent in April on a seasonally adjusted basis, following a 0.4 percent increase in March, according to the U.S. Bureau of Labor Statistics. Over the past 12 months, the all items index surged by 3.4 percent before seasonal adjustment.
In April, the CPI-U saw a notable rise primarily due to increases in the shelter and gasoline indexes, which together accounted for over seventy percent of the overall monthly increase in the all items index. The energy index also experienced a 1.1 percent increase during the month. However, the food index remained unchanged in April, with a slight decline of 0.2 percent in the food at home index, offset by a 0.3 percent rise in the food away from home index.
In April, the index for all items excluding food and energy increased by 0.3 percent, following a consistent 0.4 percent rise in each of the three preceding months. Among the indexes that saw increases in April were shelter, motor vehicle insurance, medical care, apparel, and personal care. Conversely, indexes for used cars and trucks, household furnishings and operations, and new vehicles experienced decreases over the month.
For the 12 months ending in April, the all items index increased by 3.4 percent, showing a slight deceleration compared to the 3.5 percent increase recorded for the 12 months ending in March. However, the all items index excluding food and energy rose by 3.6 percent over the same period. The energy index experienced a 2.6 percent increase for the 12 months ending in April, while the food index saw a rise of 2.2 percent over the last year.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
