Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Inflation jumped 0.4% in April as prices remain stubbornly high By: FOX Business May 10, 2023 at 08:33 AM EDT The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high. Inflation remained stubbornly high in April, underscoring the strong price pressures that are still bubbling beneath the surface of the economy – and continuing to burden millions of U.S. households.The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in April from the previous month, much faster than the 0.1% increase recorded in March. Prices climbed 4.9% on an annual basis.Those figures were mostly in line with forecasts by Refinitiv economists. This is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Inflation jumped 0.4% in April as prices remain stubbornly high By: FOX Business May 10, 2023 at 08:33 AM EDT The Labor Department said the consumer price index showed that inflation cooled last month, but that underlying price pressures remained stubbornly high. Inflation remained stubbornly high in April, underscoring the strong price pressures that are still bubbling beneath the surface of the economy – and continuing to burden millions of U.S. households.The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in April from the previous month, much faster than the 0.1% increase recorded in March. Prices climbed 4.9% on an annual basis.Those figures were mostly in line with forecasts by Refinitiv economists. This is a developing story. Please check back for updates.