Consumer Prices up Slightly in April 05/22 07:38
The fate of the government's bulk collection of Americans' phone records is
unclear following an FBI warning, House-Senate disagreements and more than 10
hours of criticisms by a GOP presidential candidate.
WASHINGTON (AP) -- U.S. consumer prices were up slightly in April, but
overall gains were held back by another decline in energy costs that offset the
biggest one-month jump in medical care in eight years.
The Labor Department says consumer prices edged up 0.1 percent last month
compared to March, when prices rose a modest 0.2 percent. It was the smallest
monthly gain since prices fell 0.7 percent in January.
Energy costs were down 1.3 percent and food prices were unchanged, keeping
Core inflation, which excludes volatile food and energy, increased 0.3
percent. It was the biggest gain in 15 months. Core inflation was driven higher
by a 0.7 percent rise in medical care, reflecting a surge in hospital costs.
Inflation pressures have generally been well contained since the recession.