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Marketplace All-in-One

Inflation moderated slightly in April

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 15 May 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Consumer prices rose at an annual rate of 3.4%, a small decrease from March; retail sales were flat in April, as bargain-hunting shoppers held back; Justice Department says Boeing has breached deferred prosecution agreement; IEA trims global oil demand growth forecast.

Transcript

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0:00.0

Consumer prices are doing just about what analysts expected.

0:05.0

I'm Novasafa with the Marketplace Minute.

0:08.0

The Labor Department's Consumer Price Index rose 3 tenths percent in April

0:12.0

compared to a year ago it was up 3.4 percent. A vast

0:16.0

majority of the increase was fueled by higher energy and housing costs. The

0:20.2

numbers were roughly in line with what analysts had been expecting.

0:23.9

Meanwhile retail sales in April were flat compared to the month prior.

0:28.0

On an annual basis they trailed inflation, suggesting consumers were pulling back on some of their spending or

0:33.6

looking for bargains. The Justice Department says Boeing has breached a

0:38.0

deferred prosecution agreement struck several years ago. That means the planemaker

0:42.3

could now face criminal charges

0:44.0

over two deadly crashes involving its max model. The International Energy Agency

0:48.6

trimmed its forecast for oil consumption this year. It still expects global oil demand to grow now by 1.1 million

0:56.1

barrels a day. That's a bit less than previously expected. I'm Novasapo with a marketplace

1:01.6

minute.

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