Inflation arrived at its lowest rate in April From February 2021According to the latest data released on Tuesday US Bureau of Labor Statistics (BLS)
Consumer price Index (CPI), which measures key goods and services prices, discovered that inflation is at a rate of 2.3 % annually in April, which is less than 2.4 percent in March and the lowest level in four years.
Except for basic goods prices, fluctuations and energy categories, from March to April, the following increased 0.2 %. Industry predicted 0.3 %. Meanwhile, the annual increase in 2.8 % basic equipment compatible with industry predictions. According to BloombergConsumer prices increased overall Less than expected In April
The April CPI data indicates “positive pace”, “Rob Holston, EY Global and US consumer product leader, said. Businessman In a statement
“Brands should use a positive pace to strengthen consumer contacts,” Holston said. “People who move forward with the market can develop – build strong, more meaningful relationships with consumers.”
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The main reason for the increase in CPI in April was the cost of asylum. From March to April, only this category increased by 0.3 %, with more than half of the overall monthly hike. Energy costs also increased by 0.7 % during the month, but used car prices fell 0.5 percent and food prices fell 0.1 percent.
Meanwhile, egg prices have declined by 12.7 % during March to April, which has dropped the largest price in this category since 1984, though prices have still increased by 49.3 % over a year ago.
How will the CPI impact rate decrease?
Gregory bandits, Chief Economist of EYi, said Businessman In a statement that EYi expects deductions at only two rates instead of three for the year, and predicts that the first rate will be deducted in September instead of July.
“For feed, inflation and flexible labor market conditions support the issue of stabilizing more stable rates than mid -year,” said Deco.
Related: According to ADP data, US businesses added 155,000 new jobs in March: ‘a good for the economy’
Federal Reserve Policymaker Rates are stable Earlier this month, after the meeting of the Federal Open Market Committee from 4.25 % to 4.5 %. The last time the feed cut rates were at the December meeting, when it reduced the rates by 0.25 %.
Austin Scale, head of research at Financial Planning Firm Entex, said Businessman The April CPI report was “win for the feed”.
The school said, “The headline inflation is up to 2.3 percent.
Deco warned that upcoming CPI reports would reflect trade policies like trade. President Donald Trump announced last month that he would impose a universal 10 % tariff In all countries.
On Monday, the United States announced that it would reduce its tariff rate on Chinese imports 30 % from 145 % between trade talks.
Related: According to a JP Morgan expert, the decision to keep the feed prices is ‘amazing’. Why is it here
The recent commercial de Scction has provided the feed to the feed “some valuable places of breathing,” says the scale.
“Perhaps it is not yet green light for deductions, but it has a foot in the door, if the growth is slow, it is open to the process,” he said.
Inflation arrived at its lowest rate in April From February 2021According to the latest data released on Tuesday US Bureau of Labor Statistics (BLS)
Consumer price Index (CPI), which measures key goods and services prices, discovered that inflation is at a rate of 2.3 % annually in April, which is less than 2.4 percent in March and the lowest level in four years.
Except for basic goods prices, fluctuations and energy categories, from March to April, the following increased 0.2 %. Industry predicted 0.3 %. Meanwhile, the annual increase in 2.8 % basic equipment compatible with industry predictions. According to BloombergConsumer prices increased overall Less than expected In April
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