Tuesday, May 12, 2026

Consumer Prices Rose 3.8% Annually in April

CNBC: Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, as another burst in energy prices raised further concerns about inflation's impact on the U.S. economy.

Posted by qcp at 12:06 PM | 15 COMMENTS | permalink

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"Inflation is the key drag on the U.S. economy now," said Heather Long, chief economist at Navy Federal Credit Union. "This is hurting Americans. There is a real financial squeeze underway. For the first time in three years, inflation is eating up all wage gains. This is a setback for middle-class and lower-income households and they know it."

Comments

More: The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus.

Excluding food and energy, core CPI increased 0.4% and 2.8% respectively, keeping inflation well above the Federal Reserve's 2% goal.

The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually.

#1 | Posted by qcp at 2026-05-12 09:08 AM

Kevin Warsh starts ad Fed chair in about a month. Fifteen minutes into his new job Der Dotard will start screaming about lower interest rates, and not long after the accusations of Warsh being 'disloyal' to the president will start. Rates will not fall anytime soon, for reasons that Der Dotard will never understand, and Chair Warsh will regret his seeking his job until January, 2029...

#2 | Posted by catdog at 2026-05-12 12:18 PM

gasoline prices are up 44% nationally from a year ago, diesel up 61%.

x.com

Pedo 47 did that.

#3 | Posted by reinheitsgebot at 2026-05-12 12:36 PM

3.8% ?

With thanks to James Comey.

#4 | Posted by A_Friend at 2026-05-12 12:46 PM

#3, How many hundreds of percent is that in Trump math?

#5 | Posted by qcp at 2026-05-12 12:53 PM

#5 My Trump Calculator is due any day now. :-)

#6 | Posted by A_Friend at 2026-05-12 12:55 PM

#5 My Orange Chomo calculator says that percent is "Winning", when asked again it says "-60000%"

#7 | Posted by Nixon at 2026-05-12 02:10 PM

#6

Did Donald say delivery would take 2 weeks?

#8 | Posted by Whatsleft at 2026-05-12 02:11 PM

All you idiots that voted for the orange chomo to:

- End the war in Gaza
- End the war in Ukraine
- Lower grocery prices
- Lower utilities
- Lower gas prices
- Cut spending
- Release all the Trumpstein files

Can you taste the stupid yet?

#9 | Posted by Nixon at 2026-05-12 02:13 PM

They are only tasting horse paste.

#10 | Posted by C0RI0LANUS at 2026-05-12 02:15 PM


#11 | Posted by qcp at 2026-05-12 03:37 PM

If they're admitting 3.8%, it must be over 5% at this point.

#12 | Posted by Danforth at 2026-05-12 04:37 PM

If they're admitting 3.8%, it must be over 5% at this point.

#12 | Posted by Danforth

5% feels more likely.

I've been relatively resilient to the rises in grocery prices up until this point but some of the new prices I'm seeing have me experiencing sticker shock now.

Garlic was $6.99/lb. I feel like it was only $4.99/lb a few weeks ago when I bought it last.

Bell peppers are now $1.49 for green and $1.99 for red/orange/yellow. Used to be $0.89 for green and $1.39 for red/orange/yellow.

Celery at Aldi used to be $2.49 per bunch, this time it was $2.99 per bunch but was smaller, bright green, hard and immature. Lower quality product for more money.

A quart of milk was $3.29.

Makes me thankful we have two freezers full of protein, so we've only been buying produce lately. I don't even want to see the prices of chicken and pork. I've stopped looking at beef.

#13 | Posted by jpw at 2026-05-13 10:03 AM

If they're admitting 3.8%, it must be over 5% at this point.
#12 | Posted by Danforth at 2026-05-12 04:37 PMFlag: | Newsworthy 1

Inflation is at 6% and increasing, allegedly.

#14 | Posted by redlightrobot at 2026-05-13 08:19 PM

No Trumpers willing to jump in and explain to us how this means we're winning?

#15 | Posted by jpw at 2026-05-14 10:12 AM

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