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Last Update: 15-May-12 09:23 ET
Large Decline in Energy Prices Offset Normal Inflation Gains
Consumer prices were unchanged in April after increasing 0.3% in March. That was exactly what was expected by the Briefing.com consensus. Energy prices fell 1.7% during the month, which was the largest decline since October 2011.
The move was driven by a 2.6% drop in gasoline prices and a 1.1% decline in fuel oil. Food prices were up 0.2%, the same rate as March. Excluding food and energy, core prices increased 0.2% for the second consecutive month and met expectations. Core price increases have been fairly consistent over the past few months. There was nothing in the report that suggests inflation will deviate from its current trend in the near future.
