US inflation eases in April, yet in high levels

By IBTimes Staff Reporter | May 14 2008 7:46 AM

FXstreet.com (Barcelona) - Inflationary pressures have eased in the United States in April, Consumer prices index has increased 0.2% in April, in a seasonally adjusted basis, following a 0.3% rise in March, according to data released by the US Labor Department.

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The main upward pressure came from food prices, except food and energy, prices have risen 0.1% in April. Food prices have increased 0.9% on the month, after a 0.2% increase in March, while Energy prices have remained unchanged after the 1.9% rise posted in the previous month.

Year on year, inflation at consumer level has posted a 3.9% increase, down from 4.0% in march, while excluding food and energy, consumer prices have increased 2.3%. Energy has been the largest inflationary contributor with a 15.6% increase on prices since April 2007, followed by the 7.2% rise in transportation, and the 5.0% increase in food and beverages.