April consumer prices flat as gasoline drops
WASHINGTON (Reuters) – Consumer prices were flat in April as households paid less for gasoline and natural gas, possibly giving the U. S. Federal Reserve more room to help economic growth should the recovery stumble. The Labor Department said on Tuesday its Consumer Price Index was unchanged last month after rising 0. 3 percent in March. April’s increase was in line with economists’ expectations. Outside the volatile food and energy category, inflation pressures also appeared to be modest. Core CPI edged up 0. 2 percent, matching the increase posted in March. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply