US inflation stands at 4.9% YoY in April

News Image

MG News | May 10, 2023 at 05:30 PM GMT+05:00

0:00

May 10, 2023 (MLN): The U.S. consumer price index (CPI) for the month of April 2023 clocked in at 4.9% YoY, compared to 5% YoY in March, the latest data issued by the U.S. Bureau of labor statistics on Wednesday showed.

Notably, CPI in the last year, April 2022 stood at 8.3% YoY, showing that the federal reserve with its fast-paced rate hikes and balance sheet reductions has been successful in curbing inflation to some extent.

However, it still remains way above the country's 2% inflation goal.

CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Meanwhile, on a sequential basis, US CPI has increased by 0.4% MoM.

US Inflation Historic Data

Year

Month

CPI YoY

2023

April (latest)

4.9% 

2023

March

5.0%

2023

Feb

6.0%

2023

Jan

6.4%

2022

Dec

6.5%

2022

Nov

7.1%

2022

Oct

7.7%

2022

Sep

8.2%

2022

Aug

8.3%

2022

July

8.5%

2022

June

9.1%

2022

May

8.6%

2022

April

8.3%

2022

March

8.5%

2022

Feb

7.9%

2022

Jan

7.5%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,955.00 119,740.00
116,460.00
-1340.00
-1.13%
BRENT CRUDE 73.37 73.63
71.75
0.86
1.19%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.21 70.51
68.45
1.00
1.44%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg