Inflation Steady at 3.8%

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% on a seasonally adjusted basis in April.  Over the last 12 months, the all items index increased 3.8% before seasonal adjustment. The index for energy rose 3.8% in April (accounting for over forty percent of the monthly all items increase) and the shelter index increased 0.6%.

Click here to read the full release at the Bureau of Labor Statistics.