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Compensation In Private

Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2023, the U.S. Bureau of Labor Statistics reported in late April. Wages and salaries increased 1.2 percent and benefit costs increased 1.2 percent from December 2022.

Consumer Price Index

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.9 percent before seasonal adjustment. The all items index increased 4.9 percent for the 12 months ending April; this was the smallest 12-month increase since the period ending April 2021. The all items less food and energy index rose 5.5 percent over the last 12 months. The energy index decreased 5.1 percent for the 12 months ending April, and the food index increased 7.7 percent over the last year.

Source: U.S. Bureau of Labor Statistics

Consumer Price Index

The index for shelter was the largest contributor to the monthly all items increase, followed by increases in the index for used cars and trucks and the index for gasoline. The increase in the gasoline index more than offset declines in other energy component indexes, and the energy index rose 0.6 percent in April. The food index was unchanged in April, as it was in March. The index for food at home fell 0.2 percent over the month while the index for food away from home rose 0.4 percent.

Source: U.S. Bureau of Labor Statistics

U.S. IMPORT AND EXPORT PRICE INDEXES - APRIL 2023

Prices for U.S. imports increased 0.4 percent in April following a 0.8-percent decline in March, the U.S. Bureau of Labor Statistics reported in early May. Higher fuel prices drove the advance in April. The price index for U.S. exports rose 0.2 percent in April, after declining 0.6 percent the previous month. U.S. import prices advanced 0.4 percent in April, the first monthly increase since December 2022. Despite the April rise, the price index for U.S. imports declined over the past year, falling 4.8 percent on a 12-month basis for the second consecutive month. U.S. export prices increased 0.2 percent in April, after declining 0.6 percent the previous month. Higher prices for nonagricultural exports and agricultural exports in April each contributed to the overall advance. The price index for U.S. exports fell 5.9 percent from April 2022 to April 2023, the largest over-the-year drop since a 6.7-percent decline in May 2020.

Source: U.S. Bureau of Labor Statistics

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