Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Israeli drone targets a car on the Ayta al-Shaab-Debel road in southern Lebanon
Yemeni Armed Forces Spokesperson Yahya Saree: The remaining airlines that have not yet complied with the ban are urged to take this into serious consideration to ensure the safety of their aircraft and passengers
Yemeni Armed Forces Spokesperson Yahya Saree: The YAF, after successfully imposing a partial ban on air traffic at Lydd Airport, are now working to impose a full ban on air traffic at the aforementioned airport in the coming period
Yemeni Armed Forces Spokesperson Yahya Saree: YAF's UAV Unit carried out three military operations targeting three vital Israeli sites in the occupied Palestinian areas of Yafa, Isdud, and Umm al-Rashrash, using three drones
Yemeni Armed Forces Spokesperson Yahya Saree: The operation successfully achieved its objective, causing millions of Zionist settlers to flee to shelters and bringing airport operations to a halt
Yemeni Armed Forces Spokesperson Yahya Saree: YAF targeted Lydd Airport in the occupied Yafa area (Tel Aviv) with a hypersonic ballistic missile
Israeli media: Ben Gurion Airport airspace sut down following missile launch from Yemen
Israeli media: Air raid sirens sound in the central region and Hashfala following the detection of a missile launch from Yemen
SDF announces the killing of three of its members as a result of ISIS cells detonating a landmine targeting a vehicle of a security patrol on the Hasaka-Raqqa road
The Popular Resistance Committees: We call on all international institutions to take urgent action and uphold their responsibilities by restoring and immediately enforcing effective mechanisms for the distribution of humanitarian aid.

US consumer inflation slows down, price pressures remain

  • By Al Mayadeen English
  • Source: Agencies
  • 10 May 2023 20:45
3 Min Read

While inflation in the US show that the Consumer Price Index (CPI) climbed by 4.9% on a year-on-year basis, May's CPI shows slightly lower percentages than April's.

  • x
  • A cart holding groceries is pushed through a supermarket in Bellflower, Calif., on Monday, Feb. 13, 2023. (AP)
    A cart holding groceries is pushed through a supermarket in Bellflower, California, on Monday, Feb. 13, 2023. (AP)

The Labor Department reported on Wednesday that consumer inflation in the United States fell only marginally in April, despite robust measures to cool the economy and limit price increases.

A crucial indicator of inflation, the consumer price index (CPI), climbed by 4.9% since last year. However, May's CPI marks a slightly lower number than March which was marked by 5.0% increase vis-à-vis last year.

Although the most recent data marked a positive step upwards and represented the least yearly increase in around two years, it remained much higher than pre-pandemic levels.

"The index for shelter was the largest contributor to the monthly all items increase, followed by increases in the index for used cars and trucks and the index for gasoline," said the Labor Department in a statement.

 It is worth mentioning that the total CPI increased by 0.4 percent on a monthly basis in April while noting that  volatile food and energy prices are excluded.

Consumer inflation increased by 0.4 percent on a monthly basis in April, matching March's increase, when volatile food and energy prices are excluded.

As the Federal Reserve considered whether or not to raise interest rates further and how long to maintain its tight monetary policy, analysts have keenly watched inflation measurements as a critical data point.

US consumer confidence falls to 9-month low in April

Earlier in April, the US consumer confidence decreased more than many had been anticipated, according to survey results, as per the report released at the end of April, driven by a decline in expectations among households with annual incomes over $50,000 and those over 55.

The negative findings may decrease some of the pressure on the Federal Reserve as it gets ready to think about raising interest rates for the tenth consecutive week next week in an effort to rein in inflation.

The Conference Board reported that the consumer confidence index decreased in April to 101.3 from a revised 104.0 in March. This fell short of economists' median predictions in a MarketWatch poll.

The expectations of consumers "fell and remain below the level which often signals a recession looming in the short term," according to a statement from Ataman Ozyildirim, senior director of economics at The Conference Board.

He said that "compared to last month, fewer households expect business conditions to improve and more expect worsening of conditions in the next six months," adding that they expect fewer jobs to be available over the short term. 

A few members of the Fed's rate-setting committee have suggested earlier in the month that the US central bank should lift its benchmark lending rate next week. 

Read more: Oil prices down 6% despite OPEC output reduction

  • CPI
  • US
  • US inflation

Most Read

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS