April’s Consumer Price Index (CPI) saw inflation come in lower than expected. However, prices continue to remain elevated in several areas. Yahoo Finance’s Alexandra Canal breaks down where consumers feel inflation hit the hardest.
Shelter and gas were two of the biggest contributors to overall inflation. Gas prices rose 2.8% from March to April, and the index for shelter rose 5.5% year over year. Apparel also rose, with prices increasing 1.2% month over month, making it the largest rise in the category this year so far.
Motor vehicle insurance, medical care, and personal care also saw notable upticks in inflation, impacting nearly every part of the consumer’s day-to-day.
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