US Inflation Rate Exceeds Expectations

According to data released Wednesday by the Labor Department, consumer prices rose 0.3% in April, accumulating an increase of 8.3% in twelve months.

The figures compare with the 1.2% increase recorded in March, which led the indicator to accumulate an increase of 8.5%, the highest in 40 years.

However, April’s data were above the 0.2% expected by the market for the month and the 8.1% forecast for the twelve months, according to a Bloomberg survey.

In addition, core inflation, which excludes food and energy prices, rose 0.6% in the month, thus exceeding the 0.4% expected by the market and doubling the 0.3% advance recorded in March.