Key facts
- US consumer prices rose 3.4% year-over-year in April.
- Inflation in March was 3.5% year-over-year.
- Core CPI excluding food and energy decelerated in April.
- Core CPI was 3.6% in April.
- Core CPI was 3.8% in March.
The United States experienced a slowdown in inflation in April, with consumer prices rising 3.4% on a year-over-year basis. This figure represents a decrease from the 3.5% inflation rate recorded in March. The deceleration in overall inflation suggests a cooling of price pressures within the US economy. Further analysis of the data reveals that core CPI, a metric that excludes the more volatile prices of food and energy, also exhibited a downward trend. Core CPI decelerated to 3.6% in April, down from 3.8% in the preceding month. This moderation in core inflation is often seen as a key indicator of underlying price stability, as it removes short-term fluctuations that can distort the broader trend.