Financial News: U.S. Consumer Prices Increases In Line With Estimates

U.S. Consumer Prices Increases In Line With Estimates In April

05/10/2023 - 08:39:00 (RTTNews)

(RTTNews) - Consumer prices in the U.S. increased in line with economist estimates in the month of April, the Labor Department revealed in a highly anticipated report released on Wednesday.

The Labor Department said its consumer price index climbed by 0.4 percent in April after inching up by 0.1 percent in March. Economists had expected consumer prices to rise by 0.4 percent.

Excluding food and energy prices, core consumer prices also rose by 0.4 percent in April, matching the increase seen in March as well as economist estimates.

The report also showed the annual rate of consumer price growth edged down to 4.9 percent in April from 5.0 percent in March. Economists had expected the year-over-year growth to be unchanged.

The annual rate of core consumer price growth also slipped to 5.5 percent in April from 5.6 percent in March. The year-over-year core price growth was also expected to be unchanged.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Overall Bank Lending Rises 3.4% On Year In May (44 min(s), 39 sec(s) ago)
(RTTNews) - Overall bank lending in Japan was up 3.4 percent on year in May, the Bank of Japan sai ...Full Story»

Japan GDP Climbs 0.7% On Quarter In Q1 (29 min(s), 39 sec(s) ago)
(RTTNews) - Japan's gross domestic product expanded a seasonally adjusted 0.7 percent on quart ...Full Story»

Japan GDP Data Due On Thursday (34 min(s), 39 sec(s) ago)
(RTTNews) - Japan will on Thursday release Q1 numbers for gross domestic product, highlighting a m ...Full Story»

Japan Leading Index At 5-Month High (59 min(s), 39 sec(s) ago)
(RTTNews) - Japan's leading index strengthened in April to reach its highest level in five-mon ...Full Story»

Brazil's Inflation Eases To 3.94%, Lowest In 31 Months (51 min(s), 39 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation eased further in May to reach its lowest level i ...Full Story»

Bank Of Canada Resumes Raising Interest Rates (48 min(s), 39 sec(s) ago)
(RTTNews) - After leaving interest rates unchanged for two straight meetings, the Bank of Canada o ...Full Story»

Estonia Inflation At 16-month Low (41 min(s), 39 sec(s) ago)
(RTTNews) - Estonia's consumer price inflation eased for the fourth straight month in May to t ...Full Story»

U.S. Trade Deficit Widens Significantly As Exports Slump, Imports Jump (20 min(s), 39 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade defici ...Full Story»