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US inflation remains flat in April
(MENAFN) US consumer prices barely edged higher in April as energy prices tumbled and food prices were flat, the Peninsula Qatar reported.
The consumer price index increased 0.1 percent in April from March, when the CPI rose 0.2 percent for the second month in a row.
On an annual basis, inflation dug deeper into negative territory. The CPI was down 0.2 percent from April 2014, following a 0.1 percent decline in March.
Falling energy prices in April were the main reason holding back overall inflation, which were down 1.3 percent, with fuel oil tumbling 8.4 percent and gasoline 1.9 percent.
The consumer price index increased 0.1 percent in April from March, when the CPI rose 0.2 percent for the second month in a row.
On an annual basis, inflation dug deeper into negative territory. The CPI was down 0.2 percent from April 2014, following a 0.1 percent decline in March.
Falling energy prices in April were the main reason holding back overall inflation, which were down 1.3 percent, with fuel oil tumbling 8.4 percent and gasoline 1.9 percent.
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