April Prices Run Hot
05/12/2021
The Consumer Price Index (CPI) rose by a seasonally-adjusted +0.8% in April, well above the +0.2% median forecast. It was the biggest monthly gain since June 2009 and follows a +0.6% March increase that was the largest since 2012. On a year-over-year basis, headline CPI was up +4.2%, the largest annual gain since September 2008, and well above the +3.6% median forecast.
