|
 Printer-Friendly Version
Archived News Release--Caution:
information may be out of date.
For more information call: 202-693-4650
Today's report shows signs that the effect of rising energy
prices are receding and "core" inflation remains stable. The "core" CPI, which
excludes the volatile energy and food sectors has risen 2.2 percent over the
past 12 months, unchanged from its year-earlier increase. However, we will
continue to monitor the economy for inflationary pressures.
For the month of April, the Consumer Price Index was
unchanged, after an increase of 0.7 percent in March. Similar to last week's
producer price report, the effect of energy prices is abating. Energy prices
for consumers, which had risen in nine of the previous 12 months, dropped 1.9
percent as gasoline and fuel oil prices fell about 4.0 percent.
For the month of April, the "core" Consumer Price Index
increased 0.2 percent. Prices of shelter, airline fares, and household
furnishings and operations, which had contributed to the price acceleration in
March, all decelerated in April.
Today's report indicates that consumer price increases are
modest and suggest that inflation remains under control.
Archived News Release--Caution:
information may be out of date.
| 
