US Inflation at 2.3%, Consumer Prices Flat in April 2012

American consumers got a bit of a break in April as US inflation was flat for the month, the US government reported today in Washington.

Consumer prices were unchanged in April and for the first time since December, thanks to falling energy costs. The unchanged reading followed a 0.3% increase in the previous month when gasoline and other energy items were on the rise.

US Labor Department inflation data shows that gasoline prices dropped 2.6% last month compared to March and February increases of 1.7% and 6.0%, respectively. Continue reading