Roundup: Moderating Inflation and Mixed Stock Performance
Dylan LeClair | Guest Contributor
May 11, 2023
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Moderating Inflation and Mixed Stock Performance
April’s Consumer Price Index (CPI) data came in yesterday, with the result being a slight moderation in inflation. The data revealed a 0.4% increase in consumer prices in April, with headline CPI up 4.9% YoY, marking the first reading below 5% in two years.
The YoY CPI was cooler than expected at 4.9%, representing the smallest increase since April 2021. Energy and gasoline prices primarily drove this decrease, despite high shelter costs. Core CPI rose 0.4% MoM in April, in line with predictions, while YoY was up 5.2%.
