U.S. Inflation Raises to 3.2% in April


The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.2 percent over the last 12 months, before seasonal adjustment, the U.S. Bureau of Labor Statistics reported on May 13.

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 while the index for all items less food and energy has increased 1.3 percent; both figures represent increases over recent months.

The Consumer Price Index increased 0.4 percent from the previous month, on a seasonally adjusted basis.

The energy index posted another increase in April as the gasoline index continued to rise, the latter accounting for almost half of the seasonally adjusted all items increase. The household energy index also rose, with all of its major components posting increases. The food index increased as well in April, though the 0.5 percent rise in the food at home index was the smallest increase this year. 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, though the fresh vegetables index did decline following recent advances.
 
The 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.


TradingEconomics.com, US Bureau of Labor Statistics
5/13/2011 1:41:40 PM