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May 11, 2022, 8:50 a.m. EDT

Inflation Data Is Out & Here's What CPI Shows

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May 11, 2022 (Penny Stocks via COMTEX) -- Investors have been fearful of high inflation all year. Against a backdrop of increased interest rates, energy prices, and continuous supply bottlenecks haven't helped curb rising prices or increased demand. It has become a very unique situation for consumers and investors alike. Much of the reaction in the stock market this year has been bearish in light of these headwinds.

Year-to-date figures show major indexes are in a bear market territory or, worse, complete crash mode. This week the market is hoping for some help from April's consumer price index report. Hopes are high that CPI will show inflation has already peaked though economists have warned that prices could remain higher.

What Is CPI?

CPI stands for Consumer Price Index. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index measures "the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available."

March CPI Data

In March, the Consumer Price Index for All Urban Consumers rose 1.2%, seasonally adjusted. It rose 8.5% over the trailing 12 months, not seasonally adjusted. The index for all items minus food and energy jumped 0.3% in March seasonally adjusted; up 6.5% over the year not seasonally adjusted.

CPI Expectations For April

CPI is expected to rise 0.2% in April or 8.1% for the trailing 12 months. Core CPI is anticipated to rise 0.4% or 6% year-over-year.

April 2022 CPI Results

CPI results for April are officially out & here's what the numbers are:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April on a
seasonally adjusted basis after rising 1.2 % in March, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 8.3% before
seasonal adjustment.

Here's a breakdown of some of the specifics:

  • Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest
    contributors to the seasonally adjusted all items increase.

  • The food index rose 0.9% over the month as the food at home index rose 1.0 percent. The energy index declined in April after rising in recent months.

  • The index for gasoline fell 6.1% over the month, offsetting
    increases in the indexes for natural gas and electricity.

  • The index for all items less food and energy rose 0.6% in April

  • Along with indexes for shelter, airline fares, and new vehicles, the indexes for medical care, recreation, and household furnishings and operations all increased in April.

  • The indexes for apparel, communication, and used cars and trucks all declined over the month.

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