Consumer prices rose less than expected in the month of April, according to a report released by the Department of Labor on Wednesday, with the slower than expected price growth likely to ease recent concerns about the pace of inflation.
The report showed that the consumer price index rose 0.2 percent in April following an unrevised 0.3 percent increase in March. Economists had been expecting a slightly larger increase by the index of about 0.3 percent.
The Labor Department also said that the core consumer price index, which excludes food and energy prices, edged up 0.1 percent in April after rising 0.2 percent in the previous month. The increase came in below economist estimates of a 0.2 percent increase.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.