Consumer Prices Rise 4.2% in Largest Yearly Increase Since 2008
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From the Left
Consumer Prices Jumped in April, Climbing Faster Than ExpectedConsumer prices leapt higher in April, data released on Wednesday showed, a much-faster-than-expected jump that could resonate on Wall Street as investors try to determine if inflation could alter Federal Reserve policy.
The Consumer Price Index climbed 4.2 percent from a year earlier, the Labor Department said, the fastest pace since 2008. From March to April, prices increased 0.8 percent. Economists had expected the C.P.I. to rise 3.6 percent over the year, and 0.2 percent from the month before, based on the median forecast in a Bloomberg survey.
The core...
From the Right
Consumer Prices See Largest Yearly Jump Since 2008 as Evidence of Inflation MountsThe Consumer Price Index (CPI), which tracks the cost of a variety of consumer goods as well as housing and energy prices, has risen 4.2 percent from a year ago, notably higher than the estimated 3.6 percent. It is the largest yearly increase since September 2008.
Even controlling for food and energy prices, the CPI was up three percent, higher than the estimated 2.3 percent. The 0.9 percent CPI increase from March, again controlling for food and energy prices, is the highest since April 1982.
From the Center
Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.
Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and...
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