US Inflation Driven Higher in April by Gasoline, Food
Bloomberg Television·2026-05-12 12:58
No surprises here. The headline CPI month over month increased 6/10 of a percent as forecast after a 9/10 move last month. The core CPI year on a month over month basis is up 4/10.That is stronger than was expected. So for the year we have CPI up 3.8% and the core up 2.8%. That's the highest CPI for year over year since 2022 I believe.And it is also more than anticipated. It's a jump of half a percentage point. Where's that upside surprise come from uncle.Well right now it looks like it's coming from a coup ...