US inflation accelerated to 2% in April

120298

The US Department of Labor released inflation data in April. Consumer prices rose by 2% over the year, pointing to accelerated inflation relative to price increases of 1.9% in March, and noting its highest level since November 2018. According to experts, the acceleration was expected to 2.1%. Consumer prices increased by 0.3% compared to the previous month, when there was an increase of 0.4%. Experts had predicted a rise in prices of 0.4%. The indicator, which does not take into account energy and food prices, increased by 0.1% relative to March. For the year, its growth was 2.1%. Energy for the month went up by 2.9%. Gasoline prices rose by 5.7%. At the same time, food prices dropped by 0.1%, medical care - by 0.3%. Falling prices for clothes are observed in the country for the second month in a row. In April, they dropped 0.8% after falling 1.9% a month earlier. Last month, growth in real hourly wages of US citizens was recorded at 1.2% in annual terms.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: