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Inflation Continues to Race Ahead at 8.3% in largest 12-month increase since 1981

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the staff of the Ridgewood blog

Washington DC, The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest contributors to the seasonally adjusted all items increase.

The food index rose 0.9 percent over the month as the food at home index rose 1.0 percent. The energy index declined in April after rising in recent months. The index for gasoline fell 6.1 percent over the month, offsetting increases in the indexes for natural gas and electricity. The index for all items less food and energy rose 0.6 percent in April following a 0.3-percent advance in March. Along with indexes for shelter, airline fares, and new vehicles, the indexes for medical care, recreation, and household furnishings and operations all increased in April.

The indexes for apparel, communication, and used cars and trucks all declined over the month. The all items index increased 8.3 percent for the 12 months ending April, a smaller increase than the 8.5-percent figure for the period ending in March. The all items less food and energy index rose 6.2 percent over the last 12 months. The energy index rose 30.3 percent over the last year, and the food index increased 9.4 percent, the largest 12-month increase since the period ending April 1981.

5 thoughts on “Inflation Continues to Race Ahead at 8.3% in largest 12-month increase since 1981

  1. Tks Joe

  2. Joe Biden has made the world realize how effective President Trump was as a leader.

    1. No doubt
      Trump was right

  3. But dopey Joe told us it was all due to Russia and Covid. Then he rambled on about Ultra Maga policies, which seems odd considering the Dems have control of the WH and both houses of Congress.

    1. Running out of excuses

      Biden is a disaster and democratic voters know it

      Biden and his America last policies have too be voted out

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