Posted: 5/10/2023 10:48:36 AM
The Bureau of Labor Statistics (BLS) released the April 2023 reading of the Consumer Price Index (CPI) today. The CPI in April was 5.0% higher than a year ago (rounded up from 4.96%). This is still well over the Fed’s 2% target. Looking just at the monthly change, the CPI increased just under 0.4% from March to April, an ...