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Consumer Price Index (CPI) Report: April 2023

Core CPI Shows Moderate Increase

The Consumer Price Index (CPI) excluding volatile food and energy categories, known as core CPI, increased by 0.4% monthly and 5.5% from a year ago in April 2023. These figures align with market expectations.

Overall CPI Increase

April 2023 vs. December 2023

Compared to December 2023, the CPI rose by 1.19%. This represents an acceleration from the previous quarter's growth.

April 2023 vs. April 2022

On an annual basis, the CPI increased by 4.4% in April 2023 compared to the same period last year. This marks a slight deceleration from March's 5.0% increase.

First Four Months of 2023

On average, prices rose by 4.9% in the first four months of 2023 compared to the same period last year. This indicates a gradual easing in inflation.

Smallest Increase in Two Years

The 0.4% monthly increase in April 2023 marks the smallest CPI increase in two years. This suggests that inflationary pressures may be starting to moderate.

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