US energy inflation in April remains at a high year-over-year growth rate

According to data from the U.S. Bureau of Labor Statistics, the seasonally adjusted energy inflation rate in the U.S. rose by 3.8% month-over-month in April, compared to a 10.9% increase in March. Among the components, energy commodity inflation increased by 5.6% month-over-month, down from 21.3% previously; gasoline inflation rose by 5.4% month-over-month, down from 21.2% previously; and fuel oil inflation increased by 5.8% month-over-month, down from 30.7% previously. On an unadjusted year-over-year basis, energy inflation in April was 17.9%, up from 12.5% in March. Specifically, energy commodity inflation rose by 29.2% year-over-year, gasoline inflation increased by 28.4% year-over-year, and fuel oil inflation surged by 54.3% year-over-year. (Jin10)