Friday, May 13, 2011

12-Month CPI Up 3.2%

The Consumer Price Index increased 0.4 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.2 percent.
The energy index posted another increase in April as the gasoline index continued to rise. The household energy index also rose, with all of its major components posting increases. The  food index increased as well in April,climbing by 0.5 percent. Within the food at home component, the indexes for meats, poultry, fish, and eggs, for dairy and related products, and for nonalcoholic beverages all posted notable increases.
Nixon's core index for all items less food and energy rose 0.2 percent in  April, the third increase of that size in the last four months. Indexes making major contributions to that increase included those for new vehicles, used cars and trucks, medical care, and shelter.
The 12-month increases of major indexes continue to climb. The all items index rose 3.2 percent for the 12 months ending April 2011, the  highest figure since October 2008. The energy index has now risen 19.0 percent over the last 12 months, with the gasoline index up 33.1 percent. The food index has risen 3.2 percent.

No comments:

Post a Comment