{"id":18764,"date":"2023-05-11T12:20:40","date_gmt":"2023-05-11T12:20:40","guid":{"rendered":"https:\/\/news24feed.com\/?p=18764"},"modified":"2023-05-11T12:20:41","modified_gmt":"2023-05-11T12:20:41","slug":"us-prices-rebound-showing-inflationary-pressures-persist","status":"publish","type":"post","link":"https:\/\/news24feed.com\/?p=18764","title":{"rendered":"US prices rebound, showing inflationary pressures persist"},"content":{"rendered":"

<\/p>\n

U.S. consumer prices accelerated in April after months of declines, with measures of core inflation suggesting rising costs could persist in the coming months.<\/p>\n

Prices rose 0.4% from March to April, the government said on Wednesday, up from 0.1% from February to March. Compared to a year earlier, prices rose 4.9%, slightly below the year-on-year increase in March.<\/p>\n

The country’s inflation rate has cooled steadily since peaking at 9.1% last June, but remains well above the Federal Reserve’s 2% target rate.<\/p>\n

The Fed is paying particular attention to so-called core prices, which exclude volatile food and energy costs and are considered a better indicator of long-term inflation trends. Core prices rose 0.4% from March to April, the same as from February to March. It was the fifth month in a row that core prices have risen by 0.4% or more. Increases at this rate are well above the Fed’s 2% target.<\/p>\n

Compared to a year ago, core prices rose 5.5%, just below the 5.6% annual increase in March.<\/p>\n

This is breaking news. Check back for updates.<\/p>\n

[ad_2]
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. consumer prices accelerated in April after months of declines, with measures of core inflation suggesting rising costs could persist in the coming months. Prices rose 0.4% from March to April, the government said on Wednesday, up from 0.1% from February to March. Compared to a year earlier, prices rose 4.9%, slightly below the year-on-year increase in March. The country’s inflation rate has cooled steadily since peaking at 9.1% last June, but remains well above the Federal Reserve’s 2% target rate. The Fed is paying particular attention to so-called core prices, which exclude volatile food and energy costs and are… <\/p>\n","protected":false},"author":8,"featured_media":18765,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-videos"],"_links":{"self":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/18764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18764"}],"version-history":[{"count":1,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/18764\/revisions"}],"predecessor-version":[{"id":18766,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/18764\/revisions\/18766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/media\/18765"}],"wp:attachment":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}