Select Page

Don't Tread On My Site

Transitory? Consumer Prices Accelerate In April But Goods Costs Deflate

Load WordPress Sites in as fast as 37ms!

After producer prices rebounded in April, US consumer prices were expected to follow suit but while they did rise 2.0% YoY (slightly hotter than the 1.9% YoY gain in March), CPI was below expectations of a 2.1% rise.

This left both CPI and PPI annual gains at 2.0%…

Under the hood:

The report showed used-car prices slumped for a third month, dropping 1.3%, the most since September, while new vehicle prices rose 0.1%, less than the prior month.

Shelter costs, which make up about a third of total CPI, continued to underpin inflation. The index climbed 0.4% for a second-straight month, with owner’s-equivalent rent rising 0.3%. On a year over year basis, shelter costs rose 3.8%, the highest since Sept 2017.

Overall, Consumer Goods prices are now deflating, down 0.2% YoY as Services prices upticked to +2.8% YoY…


Fed Chair Powell has suggested the too-low inflation will prove temporary as it is driven by “transitory” factors, and today’s pick up in Core CPI (which rose a hotter than expected 2.1% YoY) may remove some of The Fed’s patience.

This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Read the original article.

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.