March CPI rises to 0.3%, Core CPI at 0.2%, both inline with estimates. Although these numbers were inline with expectations the Inflation numbers are now at the upper end of the range that the Fed uses to measure inflation.

The Consumer Price Index (CPI) is a measure of the average price level paid by urban consumers (80% of population) for a fixed basket of goods and services. It reports price changes in over 200 categories. The CPI also includes various user fees and taxes directly associated with the prices of specific goods and services.