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Inflation · ORIGINAL ECONOMIC RELEASE

April 2016 Consumer Price Index

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.1 percent…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.1 percent before seasonal adjustment.

The seasonally adjusted all items increase was broad-based, with the indexes for food, energy, and all items less food and energy all rising in April. The food index rose 0.2 percent after declining in March, with the food at home index increasing slightly. The index for energy increased 3.4 percent, with the gasoline index rising 8.1 percent, and the indexes for fuel oil and natural gas also advancing.

The index for all items less food and energy increased 0.2 percent in April. The shelter index rose 0.3 percent, as did the index for medical care, and the indexes for motor vehicle insurance, airline fares, recreation, and education increased as well. Several other component indexes increased slightly, including those for alcoholic beverages, tobacco, and personal care. In contrast, the indexes for household furnishings and operations, apparel, new vehicles, used cars and trucks, and communication all declined.

The all items index rose 1.1 percent for the 12 months ending April, a larger increase than the 0.9-percent increase for the 12 months ending March. The index for all items less food and energy rose 2.1 percent over the last 12 months, compared to a 2.2-percent rise for the 12 months ending March. The food index has risen 0.9 percent over the last 12 months, and the energy index has declined 8.9 percent.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Oct. Nov. Dec. Jan. Feb. Mar. Apr. ended 2015 2015 2015 2016 2016 2016 2016 Apr. 2016

Consumer Price Index Data for April 2016

Food

The food index rose 0.2 percent in April after falling 0.2 percent in March. The food at home index increased 0.1 percent after declining 0.5 percent the prior month. Major grocery store food group indexes were mixed in April, with four increases and two declines, and generally small changes. The largest of the increases belonged to the other food at home group, which rose 0.5 percent. The index for dairy and related products, which fell in March, rose 0.4 percent in April. The indexes for cereals and bakery products and for nonalcoholic beverages both increased 0.3 percent.

The index for fruits and vegetables, however, declined for the second straight month, falling 0.5 percent as both the fresh fruits and fresh vegetables indexes decreased. The index for meats, poultry, fish, and eggs fell 0.1 percent, as a 6.3 percent decline in the index for eggs more than offset increases in the indexes for meats, poultry, and fish. The food at home index has declined 0.3 percent over the past year, with the index for meats, poultry, fish, and eggs falling 3.1 percent. The index for food away from home advanced 0.2 percent in April and has risen 2.7 percent over the last 12 months.

Energy

The energy index rose 3.4 percent in April; this followed a 0.9 percent increase in March and was its largest increase since February 2013. Most of the rise was due to the gasoline index, which increased 8.1 percent in April. (Before seasonal adjustment, gasoline prices increased 9.1 percent in April.) The fuel oil index also increased, rising 1.9 percent in April. The index for natural gas, which declined in March, advanced 0.6 percent in April. The electricity index, however, declined in April, falling 0.3 percent after rising in March. Despite the monthly increase, the energy index has declined 8.9 percent over the past year, with all major component indexes falling over the period. The gasoline index has decreased 13.8 percent over the past year.

All items less food and energy

The index for all items less food and energy increased 0.2 percent in April after increasing 0.1 percent in March. The shelter index rose 0.3 percent in April following a 0.2 percent rise the prior month. The indexes for rent and for owners' equivalent rent both increased 0.3 percent, while the index for lodging away from home declined for the second straight month, falling 0.4 percent. The medical care index rose 0.3 percent in April, with the index for prescription drugs rising 0.7 percent and the hospital services index advancing 0.3 percent, but the physicians' services index declining 0.1 percent. The motor vehicle insurance index rose 1.2 percent in April, and the index for airline fares advanced 1.1 percent after declining in March. The recreation index rose 0.3 percent in April, as did the index for education, and the indexes for alcoholic beverages, tobacco, and personal care all posted slight increases.

In contrast, the index for household furnishings and operations declined 0.4 percent in April, its largest decline since April 2010. The indexes for apparel, for new vehicles, and for used cars and trucks also fell in April, each declining 0.3 percent. The index for communication declined as well, falling 0.2 percent.

The index for all items less food and energy increased 2.1 percent over the past 12 months. Indexes posting larger increases include motor vehicle insurance (6.0 percent), tobacco (3.7 percent), shelter (3.2 percent), and medical care (3.0 percent). Indexes rising more slowly include personal care (1.7 percent), recreation (1.3 percent), and airline fares (0.4 percent). The index for new vehicles was unchanged over the past 12 months, and several indexes declined, including used cars and trucks (-1.5 percent), household furnishings and operations (-1.2 percent), and apparel (-0.6 percent).

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.1 percent over the last 12 months to an index level of 239.261 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.8 percent over the last 12 months to an index level of 233.438 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 0.7 percent over the last 12 months. For the month, the index rose 0.6 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

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Source: U.S. Bureau of Labor Statistics · Original release May 17, 2016.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read consumer inflation on a consistent basis

The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.

Nearest published observation on or before each target date
Benchmark30 days earlierApr 17, 2016Publication referenceMay 17, 201630 days laterJun 16, 2016
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.58%Observed 3.57%Observed −1 bps vs. earlier reference3.54%Observed −3 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.76%Observed 1.76%Observed Unchanged vs. earlier reference1.57%Observed −19 bps vs. publication reference

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Feb 17, 2016 – Aug 17, 2016
Historical mortgage and Treasury observations around May 17, 2016Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.1.00%2.50%4.00%Publication date30-year fixed mortgage: 3.65% · Feb 18, 201630-year fixed mortgage: 3.62% · Feb 25, 201630-year fixed mortgage: 3.64% · Mar 3, 201630-year fixed mortgage: 3.68% · Mar 10, 201630-year fixed mortgage: 3.73% · Mar 17, 201630-year fixed mortgage: 3.71% · Mar 24, 201630-year fixed mortgage: 3.71% · Mar 31, 201630-year fixed mortgage: 3.59% · Apr 7, 201630-year fixed mortgage: 3.58% · Apr 14, 201630-year fixed mortgage: 3.59% · Apr 21, 201630-year fixed mortgage: 3.66% · Apr 28, 201630-year fixed mortgage: 3.61% · May 5, 201630-year fixed mortgage: 3.57% · May 12, 201630-year fixed mortgage: 3.58% · May 19, 201630-year fixed mortgage: 3.64% · May 26, 201630-year fixed mortgage: 3.66% · Jun 2, 201630-year fixed mortgage: 3.60% · Jun 9, 201630-year fixed mortgage: 3.54% · Jun 16, 201630-year fixed mortgage: 3.56% · Jun 23, 201630-year fixed mortgage: 3.48% · Jun 30, 201630-year fixed mortgage: 3.41% · Jul 7, 201630-year fixed mortgage: 3.42% · Jul 14, 201630-year fixed mortgage: 3.45% · Jul 21, 201630-year fixed mortgage: 3.48% · Jul 28, 201630-year fixed mortgage: 3.43% · Aug 4, 201630-year fixed mortgage: 3.45% · Aug 11, 201610-year Treasury: 1.81% · Feb 17, 201610-year Treasury: 1.75% · Feb 18, 201610-year Treasury: 1.76% · Feb 19, 201610-year Treasury: 1.77% · Feb 22, 201610-year Treasury: 1.74% · Feb 23, 201610-year Treasury: 1.75% · Feb 24, 201610-year Treasury: 1.71% · Feb 25, 201610-year Treasury: 1.76% · Feb 26, 201610-year Treasury: 1.74% · Feb 29, 201610-year Treasury: 1.83% · Mar 1, 201610-year Treasury: 1.84% · Mar 2, 201610-year Treasury: 1.83% · Mar 3, 201610-year Treasury: 1.88% · Mar 4, 201610-year Treasury: 1.91% · Mar 7, 201610-year Treasury: 1.83% · Mar 8, 201610-year Treasury: 1.90% · Mar 9, 201610-year Treasury: 1.93% · Mar 10, 201610-year Treasury: 1.98% · Mar 11, 201610-year Treasury: 1.97% · Mar 14, 201610-year Treasury: 1.97% · Mar 15, 201610-year Treasury: 1.94% · Mar 16, 201610-year Treasury: 1.91% · Mar 17, 201610-year Treasury: 1.88% · Mar 18, 201610-year Treasury: 1.92% · Mar 21, 201610-year Treasury: 1.94% · Mar 22, 201610-year Treasury: 1.88% · Mar 23, 201610-year Treasury: 1.91% · Mar 24, 201610-year Treasury: 1.89% · Mar 28, 201610-year Treasury: 1.81% · Mar 29, 201610-year Treasury: 1.83% · Mar 30, 201610-year Treasury: 1.78% · Mar 31, 201610-year Treasury: 1.79% · Apr 1, 201610-year Treasury: 1.78% · Apr 4, 201610-year Treasury: 1.73% · Apr 5, 201610-year Treasury: 1.76% · Apr 6, 201610-year Treasury: 1.70% · Apr 7, 201610-year Treasury: 1.72% · Apr 8, 201610-year Treasury: 1.73% · Apr 11, 201610-year Treasury: 1.79% · Apr 12, 201610-year Treasury: 1.77% · Apr 13, 201610-year Treasury: 1.80% · Apr 14, 201610-year Treasury: 1.76% · Apr 15, 201610-year Treasury: 1.78% · Apr 18, 201610-year Treasury: 1.79% · Apr 19, 201610-year Treasury: 1.85% · Apr 20, 201610-year Treasury: 1.88% · Apr 21, 201610-year Treasury: 1.89% · Apr 22, 201610-year Treasury: 1.91% · Apr 25, 201610-year Treasury: 1.94% · Apr 26, 201610-year Treasury: 1.87% · Apr 27, 201610-year Treasury: 1.84% · Apr 28, 201610-year Treasury: 1.83% · Apr 29, 201610-year Treasury: 1.88% · May 2, 201610-year Treasury: 1.81% · May 3, 201610-year Treasury: 1.79% · May 4, 201610-year Treasury: 1.76% · May 5, 201610-year Treasury: 1.79% · May 6, 201610-year Treasury: 1.77% · May 9, 201610-year Treasury: 1.77% · May 10, 201610-year Treasury: 1.73% · May 11, 201610-year Treasury: 1.75% · May 12, 201610-year Treasury: 1.71% · May 13, 201610-year Treasury: 1.75% · May 16, 201610-year Treasury: 1.76% · May 17, 201610-year Treasury: 1.87% · May 18, 201610-year Treasury: 1.85% · May 19, 201610-year Treasury: 1.85% · May 20, 201610-year Treasury: 1.84% · May 23, 201610-year Treasury: 1.86% · May 24, 201610-year Treasury: 1.87% · May 25, 201610-year Treasury: 1.83% · May 26, 201610-year Treasury: 1.85% · May 27, 201610-year Treasury: 1.84% · May 31, 201610-year Treasury: 1.85% · Jun 1, 201610-year Treasury: 1.81% · Jun 2, 201610-year Treasury: 1.71% · Jun 3, 201610-year Treasury: 1.73% · Jun 6, 201610-year Treasury: 1.72% · Jun 7, 201610-year Treasury: 1.71% · Jun 8, 201610-year Treasury: 1.68% · Jun 9, 201610-year Treasury: 1.64% · Jun 10, 201610-year Treasury: 1.62% · Jun 13, 201610-year Treasury: 1.62% · Jun 14, 201610-year Treasury: 1.60% · Jun 15, 201610-year Treasury: 1.57% · Jun 16, 201610-year Treasury: 1.62% · Jun 17, 201610-year Treasury: 1.67% · Jun 20, 201610-year Treasury: 1.71% · Jun 21, 201610-year Treasury: 1.69% · Jun 22, 201610-year Treasury: 1.74% · Jun 23, 201610-year Treasury: 1.57% · Jun 24, 201610-year Treasury: 1.46% · Jun 27, 201610-year Treasury: 1.46% · Jun 28, 201610-year Treasury: 1.50% · Jun 29, 201610-year Treasury: 1.49% · Jun 30, 201610-year Treasury: 1.46% · Jul 1, 201610-year Treasury: 1.37% · Jul 5, 201610-year Treasury: 1.38% · Jul 6, 201610-year Treasury: 1.40% · Jul 7, 201610-year Treasury: 1.37% · Jul 8, 201610-year Treasury: 1.43% · Jul 11, 201610-year Treasury: 1.53% · Jul 12, 201610-year Treasury: 1.48% · Jul 13, 201610-year Treasury: 1.53% · Jul 14, 201610-year Treasury: 1.60% · Jul 15, 201610-year Treasury: 1.59% · Jul 18, 201610-year Treasury: 1.56% · Jul 19, 201610-year Treasury: 1.59% · Jul 20, 201610-year Treasury: 1.57% · Jul 21, 201610-year Treasury: 1.57% · Jul 22, 201610-year Treasury: 1.58% · Jul 25, 201610-year Treasury: 1.57% · Jul 26, 201610-year Treasury: 1.52% · Jul 27, 201610-year Treasury: 1.52% · Jul 28, 201610-year Treasury: 1.46% · Jul 29, 201610-year Treasury: 1.51% · Aug 1, 201610-year Treasury: 1.55% · Aug 2, 201610-year Treasury: 1.55% · Aug 3, 201610-year Treasury: 1.51% · Aug 4, 201610-year Treasury: 1.59% · Aug 5, 201610-year Treasury: 1.59% · Aug 8, 201610-year Treasury: 1.55% · Aug 9, 201610-year Treasury: 1.50% · Aug 10, 201610-year Treasury: 1.57% · Aug 11, 201610-year Treasury: 1.51% · Aug 12, 201610-year Treasury: 1.55% · Aug 15, 201610-year Treasury: 1.57% · Aug 16, 201610-year Treasury: 1.56% · Aug 17, 2016Feb 17, 2016May 17, 2016Aug 17, 2016
30-year fixed mortgage26 observations10-year Treasury128 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,358.88/month

3.57% · May 12, 2016

At the later reference$1,353.84/month

3.54% · Jun 16, 2016

The illustrative principal-and-interest payment is $5.04 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

How policy and mortgage rates connect →See current advertised mortgage options →