( ) -q-23- UNDATED (Correspondent Jeremy House) “two-percent inflation target.” A key index of U.S. prices ticked higher in April as consumer spending rebounded. [CutID: <Cuts> CONSUMER-PRICES-house-q-FRIam.mp3 Time: 23s Title: CONSUMER-PRICES-house-q-FRIam Out-cue: two-percent inflation target] TAG: Correspondent Jeremy House reporting. Consumers kept spending last month despite the price rise: Their spending jumped 0.8% from March […]
Audio
A measure of inflation closely tracked by the Fed increased in April
( ) -q-23- UNDATED (Correspondent Jeremy House) “two-percent inflation target.”
A key index of U.S. prices ticked higher in April as consumer spending rebounded.
[CutID: <Cuts> CONSUMER-PRICES-house-q-FRIam.mp3
Time: 23s
Title: CONSUMER-PRICES-house-q-FRIam
Out-cue: two-percent inflation target]
TAG: Correspondent Jeremy House reporting. Consumers kept spending last month despite the price rise: Their spending jumped 0.8% from March to April.
———————————
VERBATIM: The index showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. It’s a sign that inflationary pressures in the economy remain high. The year-over-year figure of 4.4-percent was down sharply from a peak of 7% last June, yet remains far above the Fed’s 2% inflation target.