by Calculated Risk on 5/13/2025 08:30:00 AM
From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in
April, after falling 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12
months, the all items index increased 2.3 percent before seasonal adjustment.The index for shelter rose 0.3 percent in April, accounting for more than half of the all items monthly increase.
The energy index also increased over the month, rising 0.7 percent as increases in the natural gas index and the
electricity index more than offset a decline in the gasoline index. The index for food, in contrast, fell 0.1
percent in April as the food at home index decreased 0.4 percent and the food away from home index rose 0.4 percent
over the month.The index for all items less food and energy rose 0.2 percent in April, following a 0.1-percent increase in March.
Indexes that increased over the month include household furnishings and operations, medical care, motor vehicle
insurance, education, and personal care. The indexes for airline fares, used cars and trucks, communication, and
apparel were among the major indexes that decreased in April.The all items index rose 2.3 percent for the 12 months ending April, after rising 2.4 percent over the 12 months
ending March. The April change was the smallest 12-month increase in the all items index since February 2021. The
all items less food and energy index rose 2.8 percent over the last 12 months. The energy index decreased 3.7
percent for the 12 months ending April. The food index increased 2.8 percent over the last year.
emphasis added
The change in CPI was below expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.
