Energy prices advanced 17.1% during the 12 months to April, following a 12.8% increase in March. Gasoline prices increased 26.4%, bringing prices at the pump to a level 5.0% below the record high of July 2008. This increase followed an 18.9% gain in the 12 months to March.
Higher year-over-year prices were also recorded for electricity (+7.0%) and fuel oil (+32.4%). Conversely, prices for natural gas fell 4.8% in the 12 months to April.
Excluding energy, the Consumer Price Index (CPI) rose 2.0% in the 12 months to April, following a 2.4% gain in March. Excluding gasoline, the CPI advanced 2.2% in the 12 months to April.