The consumer price index rose 0.4% last month, the biggest gain since February 2013, according to figures from the U.S. Department of Labor, as reported by MarketWatch.
More than half of the increase in consumer inflation came from a recent bump in the cost of gasoline, which had been falling over the past few months. Higher rents were another major contributor, accounting for about one-fourth of the increase.
Although prices are rising, overall inflation is still low. The CPI has risen just 1.1% in the past 12 months, up from 0.9% in March, the Labor Department said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
