The best news from the United Kingdom on media and advertising
Provided by AGP
US Inflation Climbs to Near One-Year Peak
(MENAFN) The United States recorded its steepest annual inflation increase since May 2023, as consumer prices accelerated to 3.8% in April, according to official data released Tuesday. Analysts had projected the inflation rate to come in at 3.7%, compared with 3.3% reported in March.
Compared to the same period last year, energy costs in the country surged by 17.9% during April. Meanwhile, food prices advanced by 3.2%, while housing and shelter expenses moved up by 3.3%.
On a month-to-month basis, consumer inflation expanded by 0.6% in April, reflecting continued pressure on household expenses across several sectors.
“"The index for energy rose 3.8 percent in April, accounting for over forty percent of the monthly all items increase,"” Bureau of Labor Statistics stated.
The agency also noted that the shelter index increased by 0.6% over the month, while food prices posted a 0.5% rise.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
