CPI: Inflation rose 0.2% in Apr., 2.3% on year
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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.
Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.
News that the U.S. and China have drastically reduced reciprocal tariffs for 90 days as they continue trade talks has already put a dent in rate-cut expectations.
The ex-shelter version of the CPI has increased by 2.3% or less for the past 24 months (since May 2023), and it has averaged a mere 1.7% per year for almost two years.
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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The pause in U.S.-China tariffs fueled a Monday stock rally. April's Consumer Price Index report was released at 8:30 a.m. ET, showing inflation slowed last month. Follow along for live updates on the Dow,
CPI reveals easing inflation at 0.221% with core at 0.237%. Recession odds drop; stay updated on key macro data shaping Fed rate decisions. Click for more.