April 2026

Released May 12, 2026


+3.81 percent
Consumer Price Index inflation
Apr 2025 to Apr 2026
+0.64 percent
Consumer Price Index inflation
Mar 2026 to Apr 2026
-0.19 percent
Change in real average weekly earnings
Mar 2026 to Apr 2026


Consumer Price Index



From March 2026 to April 2026:

  • Headline CPI-U inflation was 0.64 percent.
    • Food price inflation was 0.50 percent.
    • Energy price inflation was 3.81 percent.
  • Core CPI-U inflation was 0.38 percent.


From April 2025 to April 2026:

  • Headline CPI-U inflation was 3.81 percent.
    • Food price inflation was 3.18 percent.
    • Energy price inflation was 17.87 percent.
  • Core CPI-U inflation was 2.75 percent.


Note: Core CPI-U excludes food and energy.





Table 1. Consumer Price Index inflation

Apr 2026 Mar 2026 Chg. from Mar 2026 Apr 2025 Chg. from Apr 2025
Month-over-month inflation
Consumer Price Index 0.64% 0.87% -0.23pp 0.16% 0.48pp
Core Consumer Price Index 0.38% 0.20% 0.18pp 0.24% 0.14pp
Food Consumer Price Index 0.50% -0.01% 0.51pp 0.05% 0.45pp
Energy Consumer Price Index 3.81% 10.87% -7.06pp -0.56% 4.37pp
Year-over-year inflation
Consumer Price Index 3.81% 3.26% 0.55pp 2.31% 1.50pp
Core Consumer Price Index 2.75% 2.60% 0.15pp 2.78% -0.03pp
Food Consumer Price Index 3.18% 2.68% 0.50pp 2.76% 0.42pp
Energy Consumer Price Index 17.87% 12.53% 5.34pp -3.74% 21.61pp


Table 2. Cleveland Federal Reserve forecast

Cleveland Fed forecast Actual Forecast error
Month-over-month inflation
Consumer Price Index 0.45% 0.64% -0.19pp
Core Consumer Price Index 0.21% 0.38% -0.16pp
Year-over-year inflation
Consumer Price Index 3.56% 3.81% -0.25pp
Core Consumer Price Index 2.56% 2.75% -0.19pp


Real earnings


From March 2026 to April 2026:

For all employees on private nonfarm payrolls:

For production and nonsupervisory employees on private nonfarm payrolls:

Note: “Real” measures are those adjusted for inflation.

Note: Weekly earnings are a better estimate of income than hourly earnings because they take into account the amount of hours worked.


Table 3. Change in real earnings

Apr 2026 Mar 2026 Chg. from Mar 2026 Apr 2025 Chg. from Apr 2025
Month-over-month change
All employees
Real weekly earnings -0.19% -0.93% 0.74pp 0.16% -0.35pp
Real hourly earnings -0.53% -0.62% 0.09pp -0.09% -0.44pp
Production and non-supervisory
Real weekly earnings -0.33% -0.81% 0.48pp 0.10% -0.43pp
Real hourly earnings -0.30% -0.80% 0.50pp 0.10% -0.40pp
Year-over-year change
All employees
Real weekly earnings -0.20% 0.15% -0.35pp 1.85% -2.05pp
Real hourly earnings -0.27% 0.18% -0.45pp 1.62% -1.89pp
Production and non-supervisory
Real weekly earnings 0.09% 0.53% -0.44pp 2.00% -1.91pp
Real hourly earnings -0.20% 0.20% -0.40pp 1.95% -2.15pp


Upcoming releases


Date Time Release Data source
May 13 10:00 AM Monthly Fiscal Update, April 2026 U.S. Treasury
May 22 10:00 AM State Employment and Unemployment, April 2026 Bureau of Labor Statistics
May 28 08:30 AM Monthly Expenditures Update, April 2026 Bureau of Economic Analysis
May 28 08:30 AM Monthly GDP Update, Q1 2026 Second Estimate Bureau of Economic Analysis
Jun 05 08:30 AM Monthly Employment Update, May 2026 Bureau of Labor Statistics
Jun 05 10:00 AM Monthly Debt Update, June 2026 U.S. Treasury
Jun 09 08:30 AM Monthly Trade Update, April 2026 Bureau of Economic Analysis
Jun 10 08:30 AM Monthly Inflation Update, May 2026 Bureau of Labor Statistics
Jun 11 10:00 AM Monthly Fiscal Update, May 2026 U.S. Treasury


Notes


Source: Bureau of Labor Statistics; JEC Republicans calculations

“pp” = percentage points; “M/M” = month over month; “Y/Y” = year over year

Consistent with the Bureau of Labor Statistics, monthly figures are seasonally adjusted. Discrepancy in change figures is possible due to rounding.