Consumer prices rise at quicker pace in April
The consumer price index rose at a quicker monthly pace in April as costs for used cars and trucks soared — the latest sign of sticky inflation pressures across the economy.
Why it matters: The consumer price index rose 0.4% in April, faster than the 0.1% rise the previous month. The measure that excludes energy and food prices continued to rise at a quick pace, a worrying sign for economic policymakers.
By the numbers: In the 12 months through April, CPI increased 4.9% — a tick down from the 5% in...