Read the CPI: Food inflation moderated in key items.

The consumer price index for the month showed an increase in the core inflation rate of 3.6% from the same month last year, which was in line with economists' expectations. The inflation rate fell from 3.8% in March.

Food categories that are attracting attention increased 2.2% from the same month last year, food on the go increased 4.1%, and food at home increased by only 1.1%. Since the number of products per package tends to decrease in the food industry, these prices are adjusted according to the size of the package or container. The pace of household food inflation has been below 2%, which is the target value of the US Federal Reserve (Fed) for 7 consecutive months, but the overall level of food prices is still quite high compared to 2 and 3 years ago.

Categories where the year-on-year inflation rate moderated or declined markedly include bread (up 0.4% from the previous year), breakfast cereals (up 0.6%), rice (down 1.0%), eggs (down 9.0%), ham (down 3.4%), milk (down 1.2%), apples (down 12.7%), coffee (down 2.0%), etc. The decline in transportation and delivery costs within the US is a factor that mitigates inflation in certain food groups. Consumer backlash against pricing and packaging sizes has also had an impact on demand for specific foods. Categories where prices continue to rise above the core inflation rate include powdered milk (5.1% increase), uncooked minced meat (6.0% increase), butter (3.5% increase), sugar (4.3% increase), candy/chewing gum (4.0% increase), etc.