General Category > Economy/Business

Consumer Prices Up 3.4% Through April, In Line With Estimates

(1/4) > >>

mystery-ak:
Consumer Prices Up 3.4% Through April, In Line With Estimates

John Carney 15 May 2024

The consumer price index rose 0.3 percent in April compared with the previous month. Compared with 12 months earlier, prices are up 3.4 percent, according to the Department of Labor.

Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.

Last month, the Labor Department said the consumer price index rose 0.4 percent from the prior month and 3.5 percent compared with a year earlier.

Core inflation, which excludes food and energy, rose 0.3 percent for the month. Compared with a year ago, core inflation is up 3.6 percent, slightly less than the 3.8 percent reported in March.

The index of food was flat in April compared with the previous month and is up 2.2 percent compared with a year earlier. Grocery store prices decline 0.2 percent while restaurant prices rose 0.3 percent. Energy prices climbed 1.1 percent compared with the prior month, boosted by 2.8 percent increase in gasoline prices.

The prices of goods excluding energy fell 0.1 percent, the second consecutive monthly decline. New car prices dropped 0.4 percent and used car prices fell 1.4 percent. Car insurance prices rose 1.8 percent in April. Clothing prices rose a steep 1.2 percent.

more
https://www.breitbart.com/economy/2024/05/15/consumer-prices-up-3-4-through-april/

mystery-ak:
Another take


Inflation fell in April for second time in 2024 in welcome news for Fed
By
Zachary Halaschak
May 15, 2024 8:32 am
.

Inflation fell a tenth of a percentage point to 3.4% for the year ending in April, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index.

The decline in inflation is a welcome development for the Federal Reserve as considers when it will begin cutting interest rates. It is also helpful for President Joe Biden. The White House has been emphasizing any positive inflation data alongside the country’s robust labor market as “Bidenomics” in action.

On a month-to-month basis, inflation rose 0.3%.

“Core inflation,” which doesn’t include volatile food and energy prices, fell two tenths of a percentage point to 3.6% for the year ending in April. Overall, core inflation has generally trended down over the past 12 months, in a sign that the Fed’s tightening is starting to pay off.


more
https://www.washingtonexaminer.com/policy/finance-and-economy/3003445/inflation-fell-in-april-for-second-time-in-2024-in-welcome-news-for-fed/

banddag:
S&P and Nasdaq beat their record highs today. Dow is about 150 pts from record high earlier this year.

Dow will be at 40,000 soon. A story today on the 'net people are taking their record profits and spending them which will help the economy.

GtHawk:

--- Quote from: banddag on May 15, 2024, 01:46:13 pm ---S&P and Nasdaq beat their record highs today. Dow is about 150 pts from record high earlier this year.

Dow will be at 40,000 soon. A story today on the 'net people are taking their record profits and spending them which will help the economy.

--- End quote ---
Well with things going so well...except for all the businesses going out of business, all the people losing their full time jobs and having to work two or three part time, all the people who lose their jobs and have to go on unemployment, all the people who lose their jobs to illegals, all the food and other items people won't buy because of inflation, I guess your happy as a pig in shit and will be voting for Joe who made all this possible. I wonder if you recall how large a segment of America are living close to subsistence level that don't invest in the market and see no benefit from the market. If things are so bitchin where are all the start ups, new businesses hiring hundreds of thousands even tens of thousands of Americans? If there is so much money out there that's being spent to help the economy why the hell are we taxpayers bankrolling so much private development with our tax dollars? And finally

Free Vulcan:
I have noticed at the discount stores like Aldi's and such prices have come down a great deal. Others seem to still be going up.

Was checking land prices here, which I haven't done for quite awhile. They have ballooned to ridiculous levels.

Navigation

[0] Message Index

[#] Next page