Beneath The Skin Of CPI Inflation: Services Inflation Bounces Back, No Signs Yet Of Tariffs Getting Passed To Consumers
Source: SeekingAlpha
2025-05-13 14:19:00 ET
Summary
- On a month-to-month basis, inflation bounced back in April, driven by core services and to a lesser extent by utility natural gas and electricity.
- Owners’ Equivalent of Rent CPI rose by 0.36% (+4.4% annualized) in April from March, a deceleration from the jump in March (worst since October).
- The CPI for motor vehicle maintenance & repair jumped by 0.67% (+8.3% annualized) in April, the second-worst month-to-month increase since October, the worst having been in March.
Where inflation hit in April: Rent, motor vehicle insurance & maintenance, eating out, medical care services, rental cars, utility natural gas, electricity… But prices of apparel & shoes fell. ...
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Beneath The Skin Of CPI Inflation: Services Inflation Bounces Back, No Signs Yet Of Tariffs Getting Passed To Consumers
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