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U.S. CPI rose 8.3% in April, slightly better than market expectations


The US April consumer price index (CPI) rose 8.3% year-on-year, down 0.2 percentage points from the previous value, and the market expected 8.1%. Among them, the year-on-year increases in energy and gasoline prices slowed to 30.3% and 43.6% respectively. The year-on-year increase in used car prices also slowed sharply to 22.7%. Food prices continued to rise to 9.4% year-on-year, hitting a 41-year high. As for the core CPI excluding food and energy, it rose by 6.2% year-on-year, down 0.3 percentage points from the previous value, and the increase narrowed for three consecutive months, but was less than the market expected 6%. Although U.S. inflation is showing signs of peaking, the slowdown is not as fast as market expectations, and it may be difficult to change the pace of the Fed's accelerated monetary tightening in the short term.
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