The US rate of inflation has grown at a slower rate in April, as a result of a halt in the rise in food and fuel costs contributing to a lesser rise in consumer prices.
The US rate of inflation has seen a slower increase than anticipated over the course of April, largely in response to a slowing in food and fuel price inflation, helping appease domestic concerns over the impact of rising prices on living standards.
Consumer inflation was recorded at 0.4% in April, down from 0.5% in March, according to figures published by the US Labor Department, with petrol costs rising at 3.3%, down from over 5.6% last month.
Inflation, particularly in fuel costs, had been touted as a potential political disaster for President Obama in the run up to the 2012 US Presidential elections, with many political commentators highlighting fuel prices as one of the key backgrounds for the campaign.
However, despite falling rates in food and fuel, core CPI which excludes energy and food costs showed a rise over the month, up from 0.1% to 0.2%, sparking fears that the inflation problem was more engrained than at first assumed.