April's US CPI posts largest gain since 2013

Source: WBP Online
© Reuters
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.


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