US inflation stands at 4.9% YoY in April

News Image

By 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 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,235.00 110,965.00
109,200.00
-50.00
-0.05%
BRENT CRUDE 69.07 69.14
68.32
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 109.15 109.80
109.15
0.15
0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.48 67.58
66.65
0.03
0.04%
SUGAR #11 WORLD 16.08 16.10
15.44
0.50
3.21%

Chart of the Day


Latest News
July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground


July 03, 2025 at 04:00 PM GMT+05:00

PKR strengthens 9 paisa against USD


July 03, 2025 at 03:54 PM GMT+05:00

BML Board authorizes CEO to execute deposit deal



Top 5 things to watch in this week

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