US consumer inflation rises to 0.3% in April, still high – Hour Times

Rising consumer prices United StatesPetrol prices fell sharply in April as they fell to record lows Swelling Probably peaked.

However, the price rise will be strong for some time to come. And should continue to try to cool the Federal Reserve demand.

The consumer price index rose 0.3% last month, the lowest level since last August Department of Labor This Wednesday (11).

This is in stark contrast to the 1.2% increase recorded in March, the largest since September 2005.

In the first 12 months of April, consumer prices rose 8.3%. Although this is the first recession in the annual index since last August, it marks the seventh month of an increase of more than 6%.

Based on that, the consumer price index rose 8.5% in March, the largest annual increase since December 1981.

Economists, consulted by Reuters, forecast a 0.2% increase in April and an 8.1% increase over the same period last year.

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