FOREX TradingCharts.com

Financial News: U.S. Consumer Prices Rise 0.3% In April, Slightly

U.S. Consumer Prices Rise 0.3% In April, Slightly Less Than Expected

05/10/2019 - 09:31:00 (RTTNews)

(RTTNews) - Consumer prices in the U.S. increased by slightly less than anticipated in the month April, according to a report released by the Labor Department on Friday.

The Labor Department said its consumer price index rose by 0.3 percent in April after climbing by 0.4 percent in March. Economists had been expecting another 0.4 percent increase.

Energy prices showed another substantial increase during the month, surging up by 2.9 percent in April after jumping by 3.5 percent in March. A 5.7 percent spike in gasoline prices account for over two-thirds of the increase by the headline index.

Excluding food and energy prices, core consumer prices inched up by 0.1 percent for third consecutive month compared to economist estimates for a 0.2 percent uptick.

Higher prices for shelter, medical care, education, and new vehicles more than offset significant decreases in prices for used cars and trucks and apparel.

Compared to the same month a year ago, consumer prices in April were up by 2.0 percent, reflecting a modest acceleration from the 1.9 percent growth in March.

The annual rate of growth in core consumer prices also crept up to 2.1 percent in April from 2.0 percent in the previous month.

"While it is still early to determine whether low inflation readings are as transitory as Fed Chair Powell asserts, the soft April core CPI reading suggests inflation is likely to remain subdued in the coming months," said a note from Oxford Economics."

The note added, "This will further fuel market expectations that the Fed will need to cut rates to bolster inflation and inflation expectations, especially in the context of rising trade tensions vis-à-vis China."

On Thursday, the Labor Department released a separate report showing producer prices increased in line with economist estimates in the month of April.

The Labor Department said its producer price index for final demand rose by 0.2 percent in April after climbing by 0.6 percent in March. The uptick in prices matched expectations.

Excluding food and energy prices, core producer prices inched up by 0.1 percent in April following a 0.3 percent increase in March. Economists had expected core prices to edge up by 0.2 percent.

Compared to the same month a year ago, producer prices were up by 2.2 percent in April, unchanged from the previous month. The annual rate of core price growth was also unchanged at 2.4 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Retail Sales Volume Gains 0.7% In Q1 (45 min(s), 23 sec(s) ago)
(RTTNews) - The total volume of retail sales in New Zealand was up a seasonally adjusted 0.7 perce ...Full Story»

Japan Has Y60.402 Billion Trade Surplus (01 hr(s), 04 min(s), 23 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade surplus of 60.402 billion yen in April, the Ministry ...Full Story»

Japan Core Machine Orders Jump 3.8% In March (01 hr(s), 15 min(s), 23 sec(s) ago)
(RTTNews) - The total value of core machine orders in Japan was up a seasonally adjusted 3.8 perce ...Full Story»

Japan Trade Data Due On Wednesday (03 hr(s), 25 min(s), 23 sec(s) ago)
(RTTNews) - Japan is scheduled to release April figures for imports, exports and trade balance, hi ...Full Story»

Eurozone Consumer Confidence At 7-month High In May (10 hr(s), 58 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone consumer confidence rose more-than-expected in May to its highest level in se ...Full Story»

U.S. Existing Home Sales Unexpectedly Dip 0.4% In April (11 hr(s), 07 min(s), 23 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of ...Full Story»

Capital Economics: Pick-up In German Growth Only Likely On Demand Recovery (11 hr(s), 22 min(s), 23 sec(s) ago)
(RTTNews) - Recent production slowdown in the German economy was broad-based, extending beyond the ...Full Story»

OECD Trims Global Growth Outlook On Trade Disputes (12 hr(s), 32 min(s), 23 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Retail Sales Volume Gains 0.7% In Q1

05/21/2019 - 20:43 PM (RTTNews)
(RTTNews) - The total volume of retail sales in New Zealand was up a seasonally adjusted 0.7 perce ...Full Story>>

Japan Has Y60.402 Billion Trade Surplus

05/21/2019 - 20:24 PM (RTTNews)
(RTTNews) - Japan posted a merchandise trade surplus of 60.402 billion yen in April, the Ministry ...Full Story>>

Japan Core Machine Orders Jump 3.8% In March

05/21/2019 - 20:13 PM (RTTNews)
(RTTNews) - The total value of core machine orders in Japan was up a seasonally adjusted 3.8 perce ...Full Story>>

Japan Trade Data Due On Wednesday

05/21/2019 - 18:03 PM (RTTNews)
(RTTNews) - Japan is scheduled to release April figures for imports, exports and trade balance, hi ...Full Story>>

Eurozone Consumer Confidence At 7-month High In May

05/21/2019 - 10:30 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence rose more-than-expected in May to its highest level in se ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.