April’s annual US inflation rose to 3.8%, above the 3.7% consensus, signaling persistent price pressures.
US annual inflation accelerated to 3.8% in April, up from 3.3% in March, the Bureau of Labor Statistics reported. The figure surpassed economists’ expectations of 3.7%, marking the highest reading since November 2023.
March’s inflation stood at 3.3%, while April 2023 saw a 4.9% annual increase. Core CPI, excluding food and energy, also rose, though details were not immediately available. The data follows a series of mixed signals on inflation trends this year.
Markets are closely watching for potential shifts in Federal Reserve policy, with rate cuts now appearing less likely in the near term.