This headline number was a slight decline from 8.5 percent in March but primarily due to a drop in volatile gasoline prices that we know surged again this month.
Twelve-month “core” inflation, which strips out volatile food and energy prices, was also down slightly to 6.2 percent in April, from 6.5 percent the month before, but the 0.6 percent monthly increase from March was an acceleration from the February to March rate and still too high.