Consumer prices rise as expected in April
(Kevin Mazur/WireImage via Getty Images)
Headline inflation came in as expected in April.
Consumer prices rose 0.1% in April, just as expected. Over the prior year, prices fell 0.2%, also in-line with expectations.
"Core" inflation, which excludes the more volatile costs of food and gas, rose 0.3% over the prior month and 1.8% over the prior year, a bit more than expected.
Energy prices were again a big drag on the headline inflation number, with the energy index falling 19.4% over the prior year.
The report also showed that the indexes for medical care, household furnishings and operations, used cars and trucks, and new vehicles all rose in April. In contrast, the indexes for apparel and airline fares declined.
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