+8.3% in
April
+6.2%
without
food and
energy
Year-over-year percent change
in the Consumer Price Index
+8.3% in
April
+6.2%
without food
and energy
Year-over-year percent change in the Consumer Price Index
The pressures that have kept inflation elevated for months remain strong, fresh data released Wednesday showed, a challenge for households that are trying to shoulder rising expenses and for the White House and Federal Reserve as they try to put the economy on a steadier path.Annual inflation moderated for the first time in months in April, but the Consumer Price Index still increased by 8.3 percent, an uncomfortably rapid pace. At the same time, a closely watched measure that subtracts food and fuel costs actually accelerated.The so-called core price measure — which strips out groceries and gas — picked up 0.6 percent in April from the prior month, faster than its 0.3 percent increase in March. Central bankers and economists monitor that data point as they try to gauge where inflation is headed.Even as the letup in annual inflation gives President Biden and the Fed a positive talking point and a dose of comfort, the overall picture remains worrying. Policymakers have a long way to go to bring price increases down to more normal and stable levels, and the newest data is likely to keep them focused on trying to slow an inflation r …
