In April, US inflation as measured by the consumer price index slowed down on an annual basis, climbing at a rate of 8.5% yoy to + 8.3%. Analysts had predicted a stronger deceleration, at a growth rate of 8.1%.
The inflation rate remains at the record of the last 40 years but, with its slowdown, it feeds the hopes of those who hope that the acceleration of inflationary pressures has now tested the peak.
slowing was also the core component of the CPI index, which rose by 6.2% on an annual basis, more than the estimated + 6% but less than the previous + 6.5%
On a monthly basis, US core inflation increased by 0.3% in April, more than the + 0.2% expected but slowing sharply from the monthly growth in March of + 1.2%.
Core inflation rose by 0.6%, compared to the estimated + 0.4% and in this case at a faster rate than the previous + 0.3%.
The consensus of the economists had predicted a deceleration of inflation from the monthly rise in March equal to + 1.2%, to just + 0.2% in April. On an annual basis, a growth trend of 8.1% was expected, after + 8.5% in March.
Last week, the release of unit labor costs data fueled fears about soaring inflation in the United States, in the aftermath of the Fed’s announcement by Jerome Powell, which raised US rates by 50 basis points. at the record pace since May 2020, at the new range between 0.75% and 1%.
In the first quarter of the year, the figure flew by 11.6%, over the + 9.9% expected by the consensus.
The productivity of the United States took a nosedive which, in the same period of time, reported the strongest decline since 1947, falling by 7.5%, well beyond the expected decline of -5.4%.