May 19, 2005
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in April 2005, following an increase of 0.6 percent in March.
Energy costs advanced sharply for the third consecutive month—up 4.5 percent in April. Within energy, the index for petroleum-based energy increased 6.3 percent and the index for energy services increased 2.3 percent.
The index for food rose 0.7 percent. The index for food at home increased 1.1 percent, its largest advance since a similar rise in May 2004. The index for all items less food and energy, which increased 0.4 percent in March, was virtually unchanged in April. Declines in the indexes for apparel and for lodging while away from home, which had accounted for the acceleration in March, were largely responsible for the deceleration in April.
During the first four months of 2005, the CPI-U rose at a 4.8-percent seasonally adjusted annual rate (SAAR). This compares with an increase of 3.3 percent for all of 2004.
For the 12 months ended in April 2005, the CPI-U rose 3.5 percent, as shown in the chart.