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22 May 2015
US CPI dips 0.2% in April, Core CPI rises by most in 2 years
FXStreet (Mumbai) - The official data released in the US on Friday showed the inflation as measured by the consumer price index (CPI) fell 0.2% year-on-year, beating the estimate of a 0.1% fall. CPI had declined 0.1% in March. Month-on-Month, the CPI rose 0.1% as expected.
Core CPI rises by most in 2 years
The cost of living excluding food and fuel or core inflation rose at a faster pace than expected in April, indicating inflation is inching toward the Federal Reserve’s goal.
Core CPI rose 0.3%, the biggest gain since January 2013, which indicates broad-based increases in prices. The actual figure was higher than the estimated 0.2% advance.
However, the year-on-year drop of 0.2% in headline CPI figure was the biggest since October 2009. The drop was mainly due to the plunge in energy costs. Energy costs decreased 1.3% in April after rising 1.1% a month earlier. Food costs were little changed.
Core CPI rises by most in 2 years
The cost of living excluding food and fuel or core inflation rose at a faster pace than expected in April, indicating inflation is inching toward the Federal Reserve’s goal.
Core CPI rose 0.3%, the biggest gain since January 2013, which indicates broad-based increases in prices. The actual figure was higher than the estimated 0.2% advance.
However, the year-on-year drop of 0.2% in headline CPI figure was the biggest since October 2009. The drop was mainly due to the plunge in energy costs. Energy costs decreased 1.3% in April after rising 1.1% a month earlier. Food costs were little changed.