US Consumer Prices Rise Less than Expected
In April 2025, the U.S. Consumer Price Index (CPI) increased by 0.2% on a month-over-month basis, following a 0.1% decrease in March and not meeting the market's forecast of a 0.3% rise. The most significant contributor to this increase was shelter costs, which climbed by 0.3%, representing over half of the total monthly gain. On the energy front, prices climbed by 0.7%, influenced by a rise in natural gas and electricity costs that offset a decline in gasoline prices. Additional inflationary pressures emerged from sectors like household furnishings and operations, medical care, motor vehicle insurance, education, and personal care. Conversely, food prices slightly decreased by 0.1%, due to a 0.4% reduction in the cost of food for home consumption, which surpassed a 0.4% increase in dining out expenses. Prices for airline fares, used cars and trucks, communication services, and apparel also experienced declines.
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