【CBRE】Economic Watch: Inflation Cools Slightly in April

• The Consumer Price Index (CPI) increased by 0.3% in April and 3.4% year-over-year vs. respective expectations of 0.4% and 3.4%. While still high, the monthly and year-over-year rates eased slightly from 0.4% and 3.5%, respectively, in March.
• Shelter and gasoline accounted for 70% of the increase in the headline index.
• Core inflation, which excludes food and energy prices, met expectations with increases of 0.3% for the month and 3.6% over the past year.

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