Consumer Price Index for All Urban Consumers Increases 0.8% in April; Up 4.2% Year-Over-Year

The U.S. Bureau of Labor Statistics (BLS) announced on Wednesday (5-12-21) the Consumer Price Index for all Urban Consumers (CI-U) increased 0.8% in April, on a seasonally adjusted basis, after rising 0.6% in March. Over the last 12 months, the all items index increased 4.2% before seasonal adjustment. This is the largest 12-month increase since a 4.9% increase for the period ending September 2008. The BLS noted that the index for used cars and trucks rose 10.0% in April. This was the largest 1-month increase since the series began in 1953, and it accounted for over a third of the seasonally adjusted all items increase. The index for all items less food and energy rose 0.9% in April, its largest monthly increase since April 1982. The BLS is reporting that nearly all major component indexes increased in April. For the twelve months ending in April 2021, the all-items index rose 4.2%, a larger increase than the 2.6% increase for the period ending March 2021. Similarly, the index for all items less food and energy rose 3.0% over the last 12 months, a larger increase than the 1.6% rise over the 12-month period ending in March 2021. The energy index rose 25.1% over the last 12-months, while the food index increased 2.4%.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
CONSUMER PRICE INDEX – APRIL 2021