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Inflation · ORIGINAL ECONOMIC RELEASE

April 2019 Consumer Price Index

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the…

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 0.3 percent in April on a seasonally adjusted basis after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.

The gasoline index continued to increase, rising 5.7 percent and accounting for over two-thirds of the seasonally adjusted all items monthly increase. The index for energy rose 2.9 percent, although the index for natural gas declined and the index for electricity was unchanged. The food index fell in April, its first monthly decline since June 2017.

The index for all items less food and energy increased 0.1 percent for the third consecutive month. The indexes for shelter, medical care, education, and new vehicles all rose in April. The indexes for used cars and trucks, apparel, and household furnishings and operations were among those that declined over the month.

The all items index increased 2.0 percent for the 12 months ending April, the largest 12-month increase since the period ending November 2018. The index for all items less food and energy rose 2.1 percent over the last 12 months, and the food index rose 1.8 percent. The energy index increased 1.7 percent over the past year after posting 12-month declines the past 4 months.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Oct. Nov. Dec. Jan. Feb. Mar. Apr. ended 2018 2018 2018 2019 2019 2019 2019 Apr. 2019

Food

The food index declined 0.1 percent in April. The index for food at home, which rose 0.4 percent in March, fell 0.5 percent in April. Five of the six major grocery store food group indexes decreased in April. The index for fruits and vegetables declined 0.9 percent in April after rising in February and March. The index for nonalcoholic beverages also declined 0.9 percent in April, and the index for other food at home declined 0.6 percent.

The index for meats, poultry, fish, and eggs fell 0.2 percent in April, the same decrease as in March, and the index for cereals and bakery products declined 0.1 percent. The only major grocery store food group index to rise in April was dairy and related products, which increased 0.1 percent after rising 0.6 percent in March.

The index for food away from home rose 0.3 percent in April. The index for full service meals rose 0.4 percent, and the index for limited service meals increased 0.3 percent.

The food index rose 1.8 percent over the past year, with the food at home index increasing 0.7 percent. The indexes for fruits and vegetables and nonalcoholic beverages increased the most among the major grocery store food groups, each rising 2.2 percent. The index for meats, poultry, fish, and eggs was the only one to decline over the year, falling 1.1 percent. The index for food away from home rose 3.1 percent over the past year, its largest 12-month increase since February 2015.

Energy

The energy index rose 2.9 percent in April. The gasoline index rose 5.7 percent in April following a 6.5-percent increase in March. (Before seasonal adjustment, gasoline prices rose 10.3 percent in April.) The electricity index, which increased in March, was unchanged in April. The index for natural gas continued to fall; its 0.8-percent decrease in April was its fourth consecutive monthly decline.

The energy index increased 1.7 percent over the past 12 months, with its major component indexes mixed. The gasoline index increased 3.1 percent over the past year and the electricity index rose 0.6 percent. The index for natural gas declined 1.9 percent and the index for fuel oil fell 0.9 percent.

All items less food and energy

The index for all items less food and energy increased 0.1 percent in April. The shelter index rose 0.4 percent, the same increase as in March. The index for rent increased 0.4 percent and the index for owners’ equivalent rent rose 0.3 percent. The index for lodging away from home rose 1.6 percent in April, its fifth consecutive monthly increase.

The medical care index rose 0.3 percent in April, the same increase as in March. The index for hospital services fell 0.5 percent, but the index for prescription drugs rose 0.7 percent and the index for physicians’ services advanced 0.2 percent. The education index increased 0.2 percent in April, and the new vehicles index rose 0.1 percent. The indexes for recreation, for communication, and for personal care were all unchanged in April.

The index for used cars and trucks fell 1.3 percent in April, its third consecutive monthly decrease. The apparel index decreased 0.8 percent in April following a 1.9-percent decline in March. The index for household furnishings and operations fell 0.3 percent in April, its first monthly decline since June 2018. The indexes for alcoholic beverages, for tobacco, and for airline fares also declined in April.

The index for all items less food and energy rose 2.1 percent over the past 12 months. The 12-month change has remained in the range of 1.6 percent to 2.4 percent since June 2011. The shelter index rose 3.4 percent over the year, with the rent index rising 3.8 percent. The medical care index increased 1.9 percent over the past 12 months.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.0 percent over the last 12 months to an index level of 255.548 (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 1.9 percent over the last 12 months to an index level of 249.332 (1982-84=100). For the month, the index increased 0.6 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.8 percent over the last 12 months. For the month, the index increased 0.5 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

Source: U.S. Bureau of Labor Statistics · Original release May 10, 2019.

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 10, 2019Publication referenceMay 10, 201930 days laterJun 9, 2019
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.08%Observed 4.10%Observed +2 bps vs. earlier reference3.82%Observed −28 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury2.48%Observed 2.47%Observed −1 bps vs. earlier reference2.09%Observed −38 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 10, 2019 – Aug 10, 2019
Historical mortgage and Treasury observations around May 10, 2019Each 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.1.50%3.00%4.50%Publication date30-year fixed mortgage: 4.37% · Feb 14, 201930-year fixed mortgage: 4.35% · Feb 21, 201930-year fixed mortgage: 4.35% · Feb 28, 201930-year fixed mortgage: 4.41% · Mar 7, 201930-year fixed mortgage: 4.31% · Mar 14, 201930-year fixed mortgage: 4.28% · Mar 21, 201930-year fixed mortgage: 4.06% · Mar 28, 201930-year fixed mortgage: 4.08% · Apr 4, 201930-year fixed mortgage: 4.12% · Apr 11, 201930-year fixed mortgage: 4.17% · Apr 18, 201930-year fixed mortgage: 4.20% · Apr 25, 201930-year fixed mortgage: 4.14% · May 2, 201930-year fixed mortgage: 4.10% · May 9, 201930-year fixed mortgage: 4.07% · May 16, 201930-year fixed mortgage: 4.06% · May 23, 201930-year fixed mortgage: 3.99% · May 30, 201930-year fixed mortgage: 3.82% · Jun 6, 201930-year fixed mortgage: 3.82% · Jun 13, 201930-year fixed mortgage: 3.84% · Jun 20, 201930-year fixed mortgage: 3.73% · Jun 27, 201930-year fixed mortgage: 3.75% · Jul 3, 201930-year fixed mortgage: 3.75% · Jul 11, 201930-year fixed mortgage: 3.81% · Jul 18, 201930-year fixed mortgage: 3.75% · Jul 25, 201930-year fixed mortgage: 3.75% · Aug 1, 201930-year fixed mortgage: 3.60% · Aug 8, 201910-year Treasury: 2.65% · Feb 11, 201910-year Treasury: 2.68% · Feb 12, 201910-year Treasury: 2.71% · Feb 13, 201910-year Treasury: 2.66% · Feb 14, 201910-year Treasury: 2.66% · Feb 15, 201910-year Treasury: 2.65% · Feb 19, 201910-year Treasury: 2.65% · Feb 20, 201910-year Treasury: 2.69% · Feb 21, 201910-year Treasury: 2.65% · Feb 22, 201910-year Treasury: 2.67% · Feb 25, 201910-year Treasury: 2.64% · Feb 26, 201910-year Treasury: 2.69% · Feb 27, 201910-year Treasury: 2.73% · Feb 28, 201910-year Treasury: 2.76% · Mar 1, 201910-year Treasury: 2.72% · Mar 4, 201910-year Treasury: 2.72% · Mar 5, 201910-year Treasury: 2.69% · Mar 6, 201910-year Treasury: 2.64% · Mar 7, 201910-year Treasury: 2.62% · Mar 8, 201910-year Treasury: 2.64% · Mar 11, 201910-year Treasury: 2.61% · Mar 12, 201910-year Treasury: 2.61% · Mar 13, 201910-year Treasury: 2.63% · Mar 14, 201910-year Treasury: 2.59% · Mar 15, 201910-year Treasury: 2.60% · Mar 18, 201910-year Treasury: 2.61% · Mar 19, 201910-year Treasury: 2.54% · Mar 20, 201910-year Treasury: 2.54% · Mar 21, 201910-year Treasury: 2.44% · Mar 22, 201910-year Treasury: 2.43% · Mar 25, 201910-year Treasury: 2.41% · Mar 26, 201910-year Treasury: 2.39% · Mar 27, 201910-year Treasury: 2.39% · Mar 28, 201910-year Treasury: 2.41% · Mar 29, 201910-year Treasury: 2.49% · Apr 1, 201910-year Treasury: 2.48% · Apr 2, 201910-year Treasury: 2.52% · Apr 3, 201910-year Treasury: 2.51% · Apr 4, 201910-year Treasury: 2.50% · Apr 5, 201910-year Treasury: 2.52% · Apr 8, 201910-year Treasury: 2.51% · Apr 9, 201910-year Treasury: 2.48% · Apr 10, 201910-year Treasury: 2.51% · Apr 11, 201910-year Treasury: 2.56% · Apr 12, 201910-year Treasury: 2.55% · Apr 15, 201910-year Treasury: 2.60% · Apr 16, 201910-year Treasury: 2.59% · Apr 17, 201910-year Treasury: 2.57% · Apr 18, 201910-year Treasury: 2.59% · Apr 22, 201910-year Treasury: 2.57% · Apr 23, 201910-year Treasury: 2.53% · Apr 24, 201910-year Treasury: 2.54% · Apr 25, 201910-year Treasury: 2.51% · Apr 26, 201910-year Treasury: 2.54% · Apr 29, 201910-year Treasury: 2.51% · Apr 30, 201910-year Treasury: 2.52% · May 1, 201910-year Treasury: 2.55% · May 2, 201910-year Treasury: 2.54% · May 3, 201910-year Treasury: 2.51% · May 6, 201910-year Treasury: 2.45% · May 7, 201910-year Treasury: 2.49% · May 8, 201910-year Treasury: 2.45% · May 9, 201910-year Treasury: 2.47% · May 10, 201910-year Treasury: 2.40% · May 13, 201910-year Treasury: 2.42% · May 14, 201910-year Treasury: 2.37% · May 15, 201910-year Treasury: 2.40% · May 16, 201910-year Treasury: 2.39% · May 17, 201910-year Treasury: 2.41% · May 20, 201910-year Treasury: 2.43% · May 21, 201910-year Treasury: 2.39% · May 22, 201910-year Treasury: 2.31% · May 23, 201910-year Treasury: 2.32% · May 24, 201910-year Treasury: 2.26% · May 28, 201910-year Treasury: 2.25% · May 29, 201910-year Treasury: 2.22% · May 30, 201910-year Treasury: 2.14% · May 31, 201910-year Treasury: 2.07% · Jun 3, 201910-year Treasury: 2.12% · Jun 4, 201910-year Treasury: 2.12% · Jun 5, 201910-year Treasury: 2.12% · Jun 6, 201910-year Treasury: 2.09% · Jun 7, 201910-year Treasury: 2.15% · Jun 10, 201910-year Treasury: 2.15% · Jun 11, 201910-year Treasury: 2.13% · Jun 12, 201910-year Treasury: 2.10% · Jun 13, 201910-year Treasury: 2.09% · Jun 14, 201910-year Treasury: 2.09% · Jun 17, 201910-year Treasury: 2.06% · Jun 18, 201910-year Treasury: 2.03% · Jun 19, 201910-year Treasury: 2.01% · Jun 20, 201910-year Treasury: 2.07% · Jun 21, 201910-year Treasury: 2.02% · Jun 24, 201910-year Treasury: 2.00% · Jun 25, 201910-year Treasury: 2.05% · Jun 26, 201910-year Treasury: 2.01% · Jun 27, 201910-year Treasury: 2.00% · Jun 28, 201910-year Treasury: 2.03% · Jul 1, 201910-year Treasury: 1.98% · Jul 2, 201910-year Treasury: 1.96% · Jul 3, 201910-year Treasury: 2.04% · Jul 5, 201910-year Treasury: 2.05% · Jul 8, 201910-year Treasury: 2.07% · Jul 9, 201910-year Treasury: 2.07% · Jul 10, 201910-year Treasury: 2.13% · Jul 11, 201910-year Treasury: 2.12% · Jul 12, 201910-year Treasury: 2.09% · Jul 15, 201910-year Treasury: 2.13% · Jul 16, 201910-year Treasury: 2.06% · Jul 17, 201910-year Treasury: 2.04% · Jul 18, 201910-year Treasury: 2.05% · Jul 19, 201910-year Treasury: 2.05% · Jul 22, 201910-year Treasury: 2.08% · Jul 23, 201910-year Treasury: 2.05% · Jul 24, 201910-year Treasury: 2.08% · Jul 25, 201910-year Treasury: 2.08% · Jul 26, 201910-year Treasury: 2.06% · Jul 29, 201910-year Treasury: 2.06% · Jul 30, 201910-year Treasury: 2.02% · Jul 31, 201910-year Treasury: 1.90% · Aug 1, 201910-year Treasury: 1.86% · Aug 2, 201910-year Treasury: 1.75% · Aug 5, 201910-year Treasury: 1.73% · Aug 6, 201910-year Treasury: 1.71% · Aug 7, 201910-year Treasury: 1.72% · Aug 8, 201910-year Treasury: 1.74% · Aug 9, 2019Feb 10, 2019May 10, 2019Aug 10, 2019
30-year fixed mortgage26 observations10-year Treasury126 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$1,449.60/month

4.10% · May 9, 2019

At the later reference$1,401.29/month

3.82% · Jun 6, 2019

The illustrative principal-and-interest payment is $48.31 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 →