Shelter and gas were two of the biggest contributors to overall inflation. Gas prices rose 2.8% from March to April, and the index for shelter rose 5.5% year over year. Apparel also rose, with prices increasing 1.2% month over month, making it the largest rise in the category this year so far.
Digging into some specific categories here, the biggest declines came from non store retailers, sporting goods and hobby stores, and motor vehicle and parts dealers. But turning now to today's CP I the consumer price index report and it showed inflation came in lower than expected on a headline base.The US consumer came in a little cooler than what analysts had anticipated and economists out there and we're seeing some moderation in the level of inflation in April versus March.Two of the biggest contributors to overall inflation, but we also saw sticky prices in apparel.
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