Everyday prices continue to moderate, consumers are spending less as they employ financial discipline, and all the while wages and consumer purchasing power continue their increase.
Meanwhile, the DOW has topped 40,000.
The consumer price index rose 3.4% in April from a year earlier, a decrease from 3.5% in March, according to the Bureau of Labor Statistics.
Gasoline and housing prices put upward pressure on inflation, while prices for categories like groceries and new and used cars fell in April.
Consumer buying power rose over the past year as inflation moderated.
All items 3.4%
Food 2.2%
Food at home 1.1%
Juices + drinks Frozen, noncarbonated 29.2%
Beef roasts Uncooked 10.1%
Frankfurters 7.1%
Sugar + substitutes 6.6%
Baby food + formula 5.1%
Other fats + oils Including peanut butter 5%
Canned vegetables 4.8%
Tomatoes 4.7%
Dried beans, peas + lentils 4.5%
Butter 3.5%
Food away from home 4.1%
Food from Vending machines + mobile vendors 7.3%
Limited-service meals + snacks 4.8%
Energy 2.6%
Electricity 2.5%
Gasoline Unleaded premium 3.1%
All items less food + energy 3.6%
Video discs + other media 29%
Motor vehicle insurance 22.6%
Admission to sporting events 15.4%
Care of invalids and elderly at home 13.9%
Motor vehicle repair 9.8%
Window coverings 9.6%
Apparel services Other than laundry + dry cleaning 9.2%
Outpatient hospital services 8.2%
Nonprescription drugs 7.7%
Parking fees + tolls 7.3%
Ship fare 7.1%
Veterinary services 7.1%
Checking account+ Other bank services 6.4%
Laundry + dry cleaning services 5.6%
Rent of primary residence 5.4%
Water, sewer + trash collection 5.3%
Internet services + Electronic information providers 4.9%
Personal care services Haircuts + other 4.7%
Personal care products Hair, dental, shaving + miscellaneous 4.1%
Television service Cable, satellite + live streaming 3.8%
https://www.cnbc.com/2024/05/15/here...one-chart.html
Originally Posted by Seran
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