Tue, 17 May 2016 13:48:08 GMT
April's US CPI posts largest gain since 2013
The US Department of Commerce reported that consumer prices jumped 0.4% month-over-month in April, surpassing the 0.3% forecast and following the 0.1% increase seen in March. That was the biggest gain since February 2013. Meanwhile, on an annual basis, the CPI increased 1.1%, in line with market expectations and following March's 0.9% rise.