inflation, April
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The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
It's normal for some prices to rise at a much faster pace than overall inflation, said Omar Sharif, founder and president of research firm Inflation Insights. The impact, he added, depends on the role such items play in a given person's finances.
Food inflation in April tapered by 20 bps to 2.8%. Downward pressure came from cereals, meat, and dairy products; offset by a spike in non-alcoholic beverages. Energy inflation in Mar-25 weakened by 40 bps to -3.7%. Downward pressure again came from fuel and gasoline; offset by a spike in electricity and piped gas.
Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
According to a new report, fast-food figures have continued to drop in 2025 as consumers battle price inflation and broader economic uncertainty.
If you haven't seen the latest inflation data, the general idea is that prices are rising more slowly than expected. We recently got a look at consumer price index (CPI) data for April, and the year-over-year inflation rate was 2.