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May 12, 2020US CONSUMER PRICE INDEX, APRIL 2020 The US Consumer Price Index for All Urban Consumers decreased 0.8 per cent in April (seasonally adjusted monthly growth), this is the largest monthly decline since December 2008. This month, the index for gasoline (-20.6 per cent) account for most of the decrease in the all items index while the food index rose 1.5 per cent as the food at home index rose 2.6 per cent, its largest monthly increase since February 1974.
The index for all items less food and energy declined 0.4 percent in April, its largest monthly decline in the history of the series, which dates to 1957. The indexes for apparel, motor vehicle insurance, airline fares, lodging away from home, used cars, trucks and recreation declined in April. This month, the indexes for rent, owners’ equivalent rent, medical care, and household furnishings and operations increased.
Year over year (April 2020 compared to April 2019) consumer prices were up 0.3 per cent (not seasonally adjusted), the smallest 12-month increase since October 2015. For the previous 12 months, the index for all-items less food and energy was up 1.4 per cent, its smallest increase since April 2011. The food index was up 3.5 per cent, its largest increase since February 2012. The energy index declined 17.7 per cent.
Note: Canada and Nova Scotia April 2020 CPI figures will be released May 20, 2020.
Source: US Bureau of Labor Statistics, Statistics Canada CANSIM table 18-10-0004-01
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