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U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.

US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets

⏲ 0:55 👁 15.1M

CBS Miami

Price Of Forever Stamps Going Up

⏲ 19 seconds 👁 318

11Alive

USPS 'forever' stamp prices increase for second time in 2023

⏲ 31 seconds 👁 1.2K

Organisers of farmers' markets say they've seen a big increase in customers as distrust in supermarkets grows.

Reko online farmers' markets increasing in popularity as supermarkets accused of price gouging

⏲ 3:34 👁 2.7M

10 Tampa Bay

Forever Stamps now cost 3 cents more

⏲ 17 seconds 👁 2.1K

CBS 17

US Postal Service could raise price of Forever stamp

⏲ 15 seconds 👁 1.2K

The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.

Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April

⏲ 0:41 👁 1.2M

FOX 26 Houston

U.S. Postal Service announces increase First-Class Mail forever stamp price for the New Year

⏲ 19 seconds 👁 3.6K

CBS Pittsburgh

First-class Forever Stamps receive price hike

⏲ 20 seconds 👁 481

The Consumer Price Index rose 0.3% in April, slightly below economists' expectations. Inflation was 3.4% annually in April, in line with forecasts. Core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.6% year-over-year in April. Shelter costs increased 0.4% in April and were up 5.5% from a year ago. Energy prices rose 1.1% in April and were up 2.6% annually, while food prices were flat monthly. Used and new vehicle prices declined in April. Inflation remains above the Fed's 2% target, but signs of easing could allow them to pause rate hikes until more data is available in 2024.

Consumer Price Index Rises 0.3% in April, Slightly Below Expectations

⏲ 0:48 👁 840K

WPRI

USPS: Slight increase in cost of Forever stamps

⏲ 1 minute 56 seconds 👁 588

WTHR

USPS price increase is now in effect

⏲ 18 seconds 👁 146

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