US consumer prices rose 0.6% in April, with the annual inflation rate reaching 3.8%. Core CPI, excluding food and energy, increased 0.4% monthly and 2.8% annually, slightly exceeding market expectations for the month.
US consumer prices rose 0.6% in April, matching estimates, while the year-over-year increase of 3.8% slightly exceeded the 3.7% forecast. Core CPI, which excludes food and energy, rose 0.4% for the month and 2.8% annually, both coming in slightly above expectations.
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US CPI supercore inflation rose to 0.454% in April on a monthly basis, accelerating from 0.179% in March. The year-over-year supercore rate climbed to 3.379% from 3.142%.
The US Consumer Price Index (CPI) supercore rose by 0.454% month-over-month in April, up from 0.179% in the previous month, while the year-over-year figure increased to 3.379%.
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Federal Reserve Bank of Chicago President Austan Goolsbee says inflation shows pervasive price pressures in US economy, potentially indicating overheating.
Federal Reserve Bank of Chicago President Austan Goolsbee stated that inflation readings indicate widespread price pressures in the U.S. economy and could suggest overheating.
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