Consumer prices spiked in April, growing at fastest pace in more than 12 years

[progree]

6. An astonishing rise in April and over the past 12 months

Official report: https://www.bls.gov/news.release/cpi.nr0.htm

CPI: March: +0.6%, April: +0.8%, 12 months: +4.2%

This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008. (I don't know where NBC got its "2.3 percent year over year" unless that was the expectation -Progree)

Core CPI (CPI less food and energy): April: +0.9%, 12 months: +3.0%,

Over the past 12 months:

The energy index rose 25.1 percent , and the food index increased 2.4 percent. Gasoline prices up 49.6% ((and this is long long before the Colonial Pipeline shutdown. Just wait for the May report -Progree))

Tables at the link showing for several items and composites the month by month changes over the last 7 months, and then the 12 months numbers ending April 2021.