U.S. Consumer Prices Rose at Fastest Pace in More Than 3 Years

[WhiteTara]

http://www.wsj.com/articles/u-s-consumer-prices-rose-0-4-in-april-1463488308

U.S. consumer prices jumped in April at the fastest pace in more than three years, propelled by rising gasoline prices, as underlying inflationary pressures continued to firm.

The consumer-price index, which measures what Americans pay for everything from fresh fruit to footwear, increased a seasonally adjusted 0.4% in April from the prior month after rising 0.1% in March, the Labor Department said Tuesday. That was the largest one-month increase since February 2013.

A measure of underlying price pressures, which excludes the often-volatile categories of food and energy, rose 0.2% last month after ticking up 0.1% in March. Core prices were up 2.1% from a year earlier, a fifth consecutive month of annual growth above 2%—the longest such streak in four years.

“Overall core-services inflation continues to gradually firm, and we expect further firming this year,” said Michael Gapen, chief U.S. economist at Barclays, in a note to clients. “We view this rise in inflation as consistent with our view that reduced slack in the U.S. economy will continue to put upward pressure on prices.”

[LiberalArkie]

1. Yep, I was wondering and still trying to figure out where my SS money went. I was tapped

out a week early.

[WhiteTara]

2. I'm running short too!