Increasing gasoline prices spur gains in U.S. inflation index

05/16/2011 | IndustryWeek

The Consumer Price Index increased in April by 3.2% from a year earlier and 0.4% from March, according to the Labor Department. Almost 50% of the month-over-month increase was attributable to gasoline prices. "Higher food and energy prices are in part -- and perhaps in large measure -- a result of the Fed's ultra-easy monetary policy, and core inflation and headline inflation will head significantly higher in 2011," said analysts John Ryding and Conrad DeQuadros of RDQ Economics.

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