Thursday, May 21, 2009

April CPI Numbers Continue Downward

The Consumer Price Index numbers were released for April and the year over year change from April of 2008 shows a drop of 1.3%. This is the second consecutive month of a reduction in CPI and the third month out of the last four. The good news is that it was there was an actual increase (however modest) in CPI from March to April.

If fuel costs continue to rise, we may see an overall rise in the CPI heading into the later summer months. There is uncertainty over whether the recent increases in oil are due to speculation or a real increase in worldwide consumption.

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