Advertisement
Australia markets closed
  • ALL ORDS

    7,935.70
    -99.20 (-1.23%)
     
  • AUD/USD

    0.6653
    +0.0001 (+0.02%)
     
  • ASX 200

    7,665.60
    -101.10 (-1.30%)
     
  • OIL

    80.44
    +0.61 (+0.76%)
     
  • GOLD

    2,348.00
    -8.50 (-0.36%)
     
  • Bitcoin AUD

    101,868.18
    -400.24 (-0.39%)
     
  • CMC Crypto 200

    1,461.77
    -22.93 (-1.54%)
     

Gasoline Prices Boosted Inflation Last Month, but They’re Falling Now

Gasoline Prices Boosted Inflation Last Month, but They’re Falling Now

Rising gasoline prices were one of the main reasons inflation stayed relatively hot in April, with overall prices rising 0.3% month over month. Gasoline prices rose 2.8% in April over March levels, one of the largest increases in the consumer price index. As of this week, the average gasoline price is $3.61 a gallon, according to the EIA, down from $3.64 a week ago.