Surging food and energy costs pushed U.S. consumer prices up a hefty 0.5 percent in April, but prices were unexpectedly tame outside those volatile areas, holding steady for the first time in 1-1/2 years, a government report showed on Wednesday.
The rise in the Labor Department’s consumer price index was slightly ahead of expectations on Wall Street for a 0.4 percent gain, but analysts had expected prices excluding food and energy to rise 0.2 percent.
For this complete story, please visit U.S. Core Inflation Unexpectedly Tame in April.
