Consumer prices in the U.S. increased in line with economist estimates in the month of April, the Labor Department revealed in a highly anticipated report released on Wednesday.
The Labor Department said its consumer price index climbed by 0.4 percent in April after inching up by 0.1 percent in March. Economists had expected consumer prices to rise by 0.4 percent.
The monthly increase in consumer prices was led by a continued advance by prices for shelter, which rose by 0.4 percent in April after climbing by 0.6 percent in March.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.