US inflation dips slightly in April

Down to 8.3%

clock • 1 min read

US inflation dipped slightly in April, falling to 8.3% from 8.5% in March, the first fall since August 2021, but still above expectations of 8.1%

Despite the fall, inflation still remains extremely high. The CPI food index increased 9.4%, the largest annual increase since April 1981. However, indicies such as energy have begun to decline, as the sharp increases seen last year drop out of the annual comparison. The energy index fell by 2.7% in April, mainly due to a fall in gasoline prices. Joe Biden has said inflation was his "top domestic priority". "I want every American to know that I'm taking inflation very seriously," he said from the White House. Neil Birrell, CEO of Premier Miton Investors, said: "Anyone hoping that l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read
Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read