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Metro Phoenix year-over-year consumer prices up 4.9% in April

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PHOENIX — The bill for items and services in the Valley was nearly 5% higher in April this year than last, according to the latest Consumer Price Index report released by the U.S. Bureau of Labor Statistics on Wednesday.

The rise was on par with neighboring regions and the country as a whole, 3.9% and 4.2%, respectively, and nearly every item measured by the price index rose in the past 12 months.

Energy prices in the Valley were one of the biggest jumps (18.6%) driven by higher prices for gasoline, according to a press release, which had a 34.3% hike.

The increased price of gasoline was not the only hardship for those who have personal transportation.

It cost 20% more to buy a used car or truck this April than the previous year, according to the price index, while insurance rose 29.3%.

Gasoline prices have started to go in the other direction, however, as prices in April were 1.2% less than in February.

The other rise of note was the price of apparel, up 12.8% and a significant difference from the neighboring regions (3.3%) and the country as a whole (1.9%).

Food also had a slight increase in price year-over-year, up 3%.

The bill for eating out jumped 3.4%, while the cost of staying home and cooking food rose 2.7% since a year ago.

The only items to be cheaper in April 2021 than a year ago is meats, poultry, fish and eggs (-0.4%), and alcoholic beverages (-1.3%).

The next consumer price index for the Valley is scheduled to be released in July, covering the month of June.

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