US consumer prices rose 0.3% on higher gas, housing costs

FILE - In this May 7, 2019, file photo a customer shops in a newly-opened Amazon Go store in New York. On Friday, May 10, the Labor Department reports on U.S. consumer prices for March. (AP Photo/Mark Lennihan, File)
FILE - In this April 24, 2019 file photo, a customer shops at the meat counter at a Walmart Neighborhood Market in Levittown, N.Y. On Friday, May 10, the Labor Department reports on U.S. consumer prices for March. (AP Photo/Mark Lennihan, File)

WASHINGTON — U.S. consumer prices increased 0.3% in April, led by more expensive gasoline, rents and appliances.

The Labor Department said Friday that the consumer price index climbed 2% in the year ending in April. Excluding the volatile food and energy categories, core prices increased 0.1% last month and 2.1% from a year ago.

The figures suggest inflation is mostly subdued, despite solid economic growth and rising wages, which typically push up prices. Federal Reserve policymakers took note of low inflation at their meeting last week but attributed it mostly to "transitory" factors.

A big increase in gasoline costs drove more than two-thirds of April's price rise, while rents increased 0.4%. Food prices fell for the first time in nearly two years.

Must Read

Q&A: Delta CEO on outage, efforts to 'win...

Aug 10, 2016

Delta Air Lines CEO Ed Bastian apologizes for canceled flights and to prevent future computer...

Clinton: Trump's words could have "tremendous...

Aug 10, 2016

Hillary Clinton says Trump's words could have "tremendous consequences," calls on Republicans to...

Judge dismisses suit accusing Twitter of...

Aug 10, 2016

A federal judge in San Francisco has dismissed a lawsuit accusing Twitter of supporting the Islamic...

2 vulnerable GOP incumbents break with Trump on...

Aug 10, 2016

Two Illinois Republicans considered among the nation's most vulnerable congressional incumbents are...

'MacGyver' update won't be gun-free zone; more...

Aug 11, 2016

A CBS remake of the 1980s series "MacGyver" will still have the hero relying on his wit, not...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com