The Consumer Price Index (CPI) for the United States has seen a significant slowdown in April, reflecting easing inflation pressures. According to the latest data updated on 15 May 2024, the CPI for April 2024 registered a growth of 0.39% on a month-over-month basis, down from the 0.65% increase observed in March 2024.
This reduction indicates that inflation may be moderating as the rate of increase in consumer prices has declined. The previous indicator for March was a comparison of the change from February to March, while the current indicator for April compares the change from March to April.
The cooling of CPI in April suggests that inflationary trends may be subsiding, a development that could have significant implications for economic policy and consumer spending moving forward.
