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US consumer prices decelerate to 0.3% in April

US consumer prices decelerates

Consumer prices in the United States decelerated to 0.3 percent increase in April, Labor Department data showed on Friday.

The consumer price index (CPI) saw a 0.3 percent surge last month, coming below both prior and estimated readings of 0.4 percent rise. The year-on-year reading, however, accelerated to 2 percent from a previous of 1.9 percent.  

Core CPI- excluding volatile food and energy prices- showed a 0.1 percent surge, similar to March’s pace, compared to expectations of 0.2 percent increase, while were 2.1% up year over year from 2 percent in the year through March.

The dollar index widened its losses to a one-week low of 96.99, set for a second straight weekly loss, as of 12:45 GMT.

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