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The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a three-year low of 3.6% in April 2024. down from 3.8% in the prior month, matching market forecasts. The shelter index, accounting for over two thirds of the total 12-month increase in the all items less food and energy index, increased 5.5% in April, down from 5.7% in March. Other indexes with notable increases over the last year include motor vehicle insurance (+22.6 percent), medical care (+2.6 percent), personal care (+3.7 percent), and recreation (+1.5 percent). Monthly, core consumer prices rose by 0.3% in April, slowing from 0.4% increases in March and February, and in line with market expectations

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