April's Prices Rose, But Inflation Cooled Overall
Source: SeekingAlpha
2025-05-13 20:45:00 ET
Summary
- After slight deflation in March, prices rose again in April. The Bureau of Labor Statistics (BLS) reports that the Consumer Price Index (CPI) increased 0.2 percent last month.
- Core CPI, which excludes volatile food and energy prices, rose 0.2 percent last month and 2.8 percent last year.
- The Federal Open Market Committee (FOMC) recently decided to keep the target for the Fed funds rate range unchanged. It’s still 4.25 to 4.50 percent.
By Alexander W. Salter
Energy costs pushed prices up, but the money supply is probably increasing as fast as it ought to. ...
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April's Prices Rose, But Inflation Cooled Overall
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