US April Consumer Prices Up 4.9% with 'Slowing Increase'

The April Consumer Price Index (CPI), which provides an indication of the inflation level in the United States, continued to show a slowdown trend as Wall Street had expected.

The U.S. Department of Labor announced on the 10th (local time) that the April CPI rose 4.9% compared to the same month last year. This slightly missed Wall Street's forecast of 5.0%.

Additionally, the April CPI increased by 0.4% compared to the previous month, matching market expectations (0.4%) and showing a higher rate of increase than the previous month (0.1%).

The core CPI, which excludes the volatile energy and food sectors, rose 5.5% compared to the same month last year. This met market expectations (5.5%) but remained at a persistently high level. It increased by 0.4% compared to the previous month.

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