U.S Consumer Price Index rose 0.8% in April, after gaining 0.6% in March, according to the Bureau of Labor Statistics press release. The index rose 4.2% in the last 12 months, a record high since a 4.9% climb recorded for the year ending September 2008.
Used cars and trucks index recorded the largest monthly jump since 1953 with a 10.0% jump and accounted for over a third of all items gain.
Food index jumped 0.4% as index for both food at home and away increased.
Energy index fell slightly in April as a decline for gasoline index offset gains in indexes for natural gas and electricity.
Less food and energy, the index for all items was up 0.9% in April, the largest monthly gain since April 1982.
The index for all items less energy and food was up 3.0% in the last 12 months, higher than the 1.6% increase for the period ending March.
The energy index gained 25.1% in the last 12 months while the food index was up 2.4% in the same period.
U.S stocks are currently declining as the dollar gains. SPY is down 0.77%, QQQ is down 1.51%, EURUSD is down 0.07%
