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Consumer Price Index declines in April

Staff writer |
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent in April on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics.

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Over the last 12 months, the all items index increased 1.1 percent before seasonal adjustment. As was the case in March, a sharp decrease in the gasoline index was the primary cause of the decline in the seasonally adjusted all items index.

The fuel oil index also declined while the electricity and natural gas indexes increased; the net result was a 4.3 percent decrease in the energy index. The food index, unchanged in March, rose 0.2 percent in April.

The index for all items less food and energy increased 0.1 percent in April, the same increase as in March. The shelter index increased 0.2 percent for the fourth month in a row. The index for all items less food and energy increased 1.7 percent for the 12 months ending April. This is slightly below the 1.9 percent average annual increase for the past ten years.

The all items index increased 1.1 percent over the last 12 months, the smallest 12-month increase since November 2010. The index for all items less food and energy increased 1.7 percent over the span; this was its smallest 12-month increase since June 2011. The food index rose 1.5 percent while the energy index declined 4.3 percent.

The food index increased 0.2 percent in April after being unchanged in March. The index for food at home turned up in April, increasing 0.1 percent after declining 0.1 percent the prior month.

The energy index declined significantly for the second straight month, falling 4.3 percent in April after a 2.6 percent decline in March. The gasoline index, down 4.4 percent in March, fell 8.1 percent in April. Before seasonal adjustment, gasoline prices decreased 3.7 percent in April.

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