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MNI: US April CPI Moderates, But Above Expectations

(MNI) Washington
(MNI) Washington

US inflation slows moderately from March levels, but headline price gains still running above 8% annually.

True

CPI inflation across the US rose 0.3% m/m in April and 8.3% y/y, moderating from 8.5% last month but rising at a faster pace than the 8.1% analysts expected. Core CPI jumped 0.6% m/m and 6.2% y/y, a slowing from 6.5% last month.

Sustained high inflation will likely keep the Federal Reserve on its 50bp rate hike clip for the next few meetings and could see officials debating an even larger 75bp hike later in the year. (See: MNI INTERVIEW: Fed's Barkin Says Hikes Not On Set 50BP Course).

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CPI inflation across the US rose 0.3% m/m in April and 8.3% y/y, moderating from 8.5% last month but rising at a faster pace than the 8.1% analysts expected. Core CPI jumped 0.6% m/m and 6.2% y/y, a slowing from 6.5% last month.

Sustained high inflation will likely keep the Federal Reserve on its 50bp rate hike clip for the next few meetings and could see officials debating an even larger 75bp hike later in the year. (See: MNI INTERVIEW: Fed's Barkin Says Hikes Not On Set 50BP Course).

Keep reading...Show less