In April, consumer prices remained unchanged over the previous month in seasonally adjusted terms. The figure was below the 0.3% rise recorded in March, but in line market expectations. The reading mainly reflected how an increase in prices for food was entirely offset by lower energy prices, in particular for gasoline. As a result of the monthly figure, annual headline inflation fell from 2.7% in March to 2.3%, which marks its lowest level in over a year. Meanwhile, the closely monitored core inflation index, which excludes food and energy prices, added 0.2% over the previous month. As a result, annual core inflation inched up from 2.2% in March to 2.3% in April. Annual average inflation over the previous 12 months inched down to 3.2% from 3.3% in March. In its latest forecast, the Federal Reserve expects PCE inflation (based on the price index for personal consumption expenditures) to average between 1.9% and 2.0% this year. For 2013, the Fed anticipates PCE inflation to range between 1.6% and 2.0%.
United States Inflation
Annual inflation continues to moderate
May 16, 2012
Looking for forecasts related to Inflation in United States? Download a sample report now.
Note: Year-on-year and month-on-month variation of seasonally adjusted consumer price index in %.
Source: Bureau of Labor Statistics.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.