The Consumer Price Index for All Urban Consumers increased 0.4% in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, headline inflation rose 1.1%.
While that’s a sharp increase, it was expected (it matched the consensus estimate of 0.4%, according to Barrons.) Non-seasonally adjusted inflation was up 0.47% in April.
Also, I have updated my ‘Tracking Inflation and I Bonds‘ page with the new numbers.