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Consumer prices rose 3.3% in the 12 months to April, matching the increase recorded in March. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in April.

Energy prices advanced 17.1% during the 12 months to April, following a 12.8% increase in March. Gasoline prices increased 26.4%, bringing prices at the pump to a level 5.0% below the record high of July 2008. This increase followed an 18.9% gain in the 12 months to March.

Higher year-over-year prices were also recorded for electricity (+7.0%) and fuel oil (+32.4%). Conversely, prices for natural gas fell 4.8% in the 12 months to April.

Excluding energy, the Consumer Price Index (CPI) rose 2.0% in the 12 months to April, following a 2.4% gain in March. Excluding gasoline, the CPI advanced 2.2% in the 12 months to April.

Prices for food purchased from stores rose 3.7% in the 12 months to April, matching the increase in March. Several food items, in particular meat and bakery products, posted faster year-over-year increases in April than they did in March. Prices for fresh vegetables also rose in April, but at a much slower pace than the month before.

Seasonally adjusted monthly CPI

On a seasonally adjusted monthly basis, consumer prices rose 0.3% in April, after increasing 0.8% in March.

The transportation index, which includes gasoline, advanced 1.0% in April, following a 0.7% increase in March. The shelter index rose 0.5% in April, after increasing 0.1% in March.

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