April Inflation Decreases Slightly: Groceries Fall for First Time in a Year, Core Inflation Drops to 3.6%

Wheeling, Ill., Illinois United States of America
Core inflation drops to 3.6%
Grocery prices fall for the first time in a year
Inflation decreases slightly in April
Overall inflation rate falls to 3.4%
April Inflation Decreases Slightly: Groceries Fall for First Time in a Year, Core Inflation Drops to 3.6%

Inflation Eases Slightly in April: A Relief for Consumers and the Federal Reserve

According to recent data released by the Labor Department, both overall and core inflation rates decreased slightly in April compared to March. The Consumer Price Index (CPI) rose 0.3% from the previous month, down from 0.4% in February and March.

The annual rate of inflation for all items fell to 3.4%, a decrease from the previous month's rate of 3.5%. Core inflation, which excludes volatile food and energy prices, rose by an annual rate of 3.6%, down from the previous month's increase of 3.8%. This marks the lowest annual increase in core inflation since early 2021.

Grocery Prices Fall for First Time in a Year In a separate report, the Labor Department announced that grocery prices fell for the first time in a year, with food at home prices decreasing by 0.2%.

This decrease follows several months of plateauing and rising grocery prices due to supply chain constraints and the impact of the Ukraine war. Despite this relief for consumers, housing and gas prices continued to drive overall inflation rates higher.

Impact on Financial Markets The latest US inflation data has reinforced expectations for Federal Reserve policy easing. Stocks climbed in Australia, South Korea, and mainland China following the news.

However, some analysts caution against getting too carried away by the slight decrease in inflation rates. Inflation remains inconsistent with the Fed's target of 2%, and rate cut expectations have shifted significantly.

Sources:

  1. The Hill: https://thehill.com/business/4666050-grocery-prices-fall-for-first-time-in-a-year/
  2. The New York Times: https://www.nytimes.com/live/2024/05/15/business/cpiinflation>fed</
  3. Bloomberg: https://www.bloomberg.com/newsarticles>2024-05-16>stock-market-today
  4. ForexLive: https://www.forexlive.com/centralbank/yes-april-cpi-was-lowerthanexpectedbutdontgettoocarriedaway<20240516/>

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Confidence

90%

Doubts
  • Are there any potential errors or inconsistencies in the data reported by the Labor Department?
  • Could supply chain issues continue to impact grocery prices despite this decrease?

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Yes, April CPI was lower than expected, but 'don’t get too carried away'

FOREXLive Eamonn Sheridan Thursday, 16 May 2024 02:59
  • Unique Points
    • US CPI data was slightly lower than expected
    • Inflation remains inconsistent with the Fed’s target
    • Rate cut expectations have shifted, with a September rate cut fully priced in and a second cut expected by December
    • USD/JPY is extending its losses
  • Accuracy
    • Latest US inflation data reinforced bets for Federal Reserve policy easing
  • Deception (80%)
    The author expresses his opinion that the reader should not get too carried away by the lower than expected CPI data. He also implies that the market may be overreacting to this data. This is an example of editorializing and pontification.
    • So don’t get too carried away
    • The US CPI data was slightly better than expected, but don’t get too carried away
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Today: Dow, S&P Live Updates for May 16

Bloomberg News Now Chiranjivi Chakraborty, Thursday, 16 May 2024 03:00
  • Unique Points
    • Asian shares and currencies rose following gains on Wall Street (not in other articles)
    • Latest US inflation data reinforced bets for Federal Reserve policy easing (unique but not exclusive to this article)
    • Stocks climbed in Australia, South Korea and mainland China (not in other articles)
  • Accuracy
    • Asian shares and currencies rose following gains on Wall Street
    • Latest US inflation data reinforced bets for Federal Reserve policy easing
    • Stocks climbed in Australia, South Korea and mainland China
    • Japanese equities pared earlier gains
    • Futures contracts for the S&P 500 and Nasdaq 100 edged higher
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Hill

The Hill News Site: https://thehill.com/homenews/senate-seethe-republicans-call-for-israeli-elections/ Sylvan Lane Wednesday, 15 May 2024 18:50
  • Unique Points
    • Grocery prices fell for the first time in 12 months in April, 2024.
    • Food at home prices decreased by 0.2% according to the Labor Department’s consumer price index (CPI).
    • This is the first decrease since April, 2023.
  • Accuracy
    • ]The first decrease since April, 2023.[
    • ]Grocery prices have grown at a rate of just 1.1% over the past 12 months.[
    • ]Inflation remained inconsistent with the Fed's target.[
    • ]Both overall and core prices rose 0.3% from the previous month.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Inflation Cooled Slightly, Offering Some Relief for Consumers and the Fed

The Name Of The NZ Prefix. I PWA NZI.P.Was Dropped. Ben Casselman, Wednesday, 15 May 2024 10:56
  • Unique Points
    • Inflation rate decreased from 3.5% in March to 3.4% in April.
    • The lowest annual increase in core inflation occurred since early 2021.
    • Both overall and core prices rose 0.3% from the previous month, down from 0.4% in February and March.
  • Accuracy
    • Core inflation, which excludes food and fuel prices, decreased from 3.8% in March to 3.6% in April.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication