Inflation in the U.S. eased in April, with core prices posting the smallest increase since 2021. Prices rose 3.4 percent in April, a slight decrease from the previous month. Despite the overall easing, consumers continued to face high housing costs and gas prices, which contributed to upward pressure on the Consumer Price Index. Year-over-year rent increases also slowed, indicating a potential easing of one of the major drivers of inflation in recent years. Anshul Sehgal from Goldman Sachs noted that this development is a positive sign for the Federal Reserve as it considers its next moves.
Inflation in the U.S. moderated slightly in April, despite high housing costs and gas prices continuing to put upward pressure on the Consumer Price Index. https://t.co/vSB7UrbQxA
While this week’s CPI print shows that inflation eased in April, consumer prices are still on the rise. Anshul Sehgal, head of US Interest Rate Products Trading in Global Banking & Markets, discusses what this means for the Fed’s next move on The Markets: https://t.co/wGxIgQolvC https://t.co/dQnUm4yb2q
🇺🇸 Prices rose 3.4 percent in April, a slight easing from last month and a positive sign for the Federal Reserve. https://t.co/EBdYwzBR6p
Consumers continued paying more for housing in April. But year-over-year rent increases slowed from a month earlier, a key sign for economists that a big driver of inflation in recent years is easing. https://t.co/q1CMwea7dE
“Inflation is cooling.” https://t.co/ByuQDHLtsM
Inflation Eases as Core Prices Post Smallest Increase Since 2021 @WSJ https://t.co/q4uQoycv3V