FX.co ★ US Core CPI Rises More Than Expected

In April 2026, core consumer prices in the United States—excluding food and energy—rose 0.4% from the previous month, the largest increase in over a year and above market expectations of a 0.3% gain. The acceleration largely reflected the spillover of higher energy costs, driven by the war in the Middle East, into core components of the consumer basket. Notable increases were recorded in shelter (up 0.6%, compared with 0.3% in March), transportation services (0.3% vs. 0.6% in March), and apparel (0.6% vs. 1% previously).