Newsroom
May 15, 2014
Inflation increased 0.3% in April
May 16, 2014 – On a seasonally adjusted basis, overall consumer prices increased 0.3 percent in April as energy and food costs increased, NAFCU's Doug Christman said Thursday.
"The rise in total CPI was a result of increases in both energy and food prices," Christman noted in a NAFCU Macro Data Flash report analyzing data released Thursday by the Bureau of Labor Statistics. For the 12-month period, overall consumer price index growth was 2 percent, up from 1.5 percent in March.
Core prices – excluding food and energy costs – rose 0.2 percent in April month over month, which followed a 0.2 percent increase in March. "Core CPI rose 1.8 percent on a year-over-year basis in April and has remained relatively stable over the last 13 months," Christman said.
Energy prices increased by 0.3 percent in April, following a 0.1 percent decrease in March. From a year ago, energy prices were up 3.3 percent. "Gasoline prices rose 2.3 percent in April and contributed to the first increase in the energy index since January," Christman said.
Food prices increased 0.4 percent in April following an increase of 0.4 percent in March, and were up 1.8 percent on a year-over-year basis.
"Both CPI and Core CPI remain below the Fed's stated inflation target, but are moving closer to their historical normal pace," Christman said.
"The rise in total CPI was a result of increases in both energy and food prices," Christman noted in a NAFCU Macro Data Flash report analyzing data released Thursday by the Bureau of Labor Statistics. For the 12-month period, overall consumer price index growth was 2 percent, up from 1.5 percent in March.
Core prices – excluding food and energy costs – rose 0.2 percent in April month over month, which followed a 0.2 percent increase in March. "Core CPI rose 1.8 percent on a year-over-year basis in April and has remained relatively stable over the last 13 months," Christman said.
Energy prices increased by 0.3 percent in April, following a 0.1 percent decrease in March. From a year ago, energy prices were up 3.3 percent. "Gasoline prices rose 2.3 percent in April and contributed to the first increase in the energy index since January," Christman said.
Food prices increased 0.4 percent in April following an increase of 0.4 percent in March, and were up 1.8 percent on a year-over-year basis.
"Both CPI and Core CPI remain below the Fed's stated inflation target, but are moving closer to their historical normal pace," Christman said.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.