April 2023 – CPI for all items rises 0.4%

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 4.9 percent before seasonal adjustment; this was the smallest 12-month increase since the period ending April 2021.

• shelter was the largest contributor to the monthly all items increase, followed by increases in the index for used cars and trucks and the index for gasoline
• the increase in the gasoline index more than offset declines in other energy component indexes, and the energy index rose 0.6 percent in April
• the food index was unchanged in April, as it was in March
• the index for all items less food and energy rose 0.4 percent in April, as it did in March.
• indexes which increased in April include shelter, used cars and trucks, motor vehicle insurance, recreation, household furnishings and operations, and personal care
• the index for airline fares and the index for new vehicles were among those that decreased over the month
• the energy index decreased 5.1 percent for the 12 months ending April, and
• the food index increased 7.7 percent over the last year