A key index of prices paid by consumers ticked lower in April but is still higher from a year earlier, the government said Wednesday.
The Consumer Price Index, the Labor Department's key measure of inflation, has increased 2.2% over the last year. But that is the smallest 12-month increase since January 1966.
"Inflation continues to be a non-issue," said Anika Khan, Wells Fargo economist, in a research note.
On a monthly basis, CPI fell by 0.1% in April. Economists surveyed by Briefing.com expected a 0.1% jump. The decline was largely due to a 1.4% drop in the energy index, the report said.
Despite its April decline, the energy index has soared 18.5% over the last year.
Subscribe to:
Post Comments (Atom)
Jack & Jones Good Shirt Long Sleeve Regular Fit
Mens Good Regular Fitted designer shirt from Jack & Jones * New L/S 2009 range * Regular fit
Jack & Jones Andy Cardigan
Andy Cardigan from Jack & Jones * 80% Lambs wool * 20% Nylon
No comments:
Post a Comment