Prices cool slightly in April: 6 takeaways from CPI report

The newly released Consumer Price Index Report shows a slight decrease in prices as the Federal Reserve aims to get inflation under its 2 percent goal.

Six takeaways from the May 10 report:

1. The CPI rose by 4.9 percent for the 12 months ending in April, a slower increase than the 5 percent CPI measure for March.
   
   
2. Grocery prices fell by 0.2 percent.
   
   
3. The energy index jumped by 0.6 percent.
   
   
4. This is the 10th consecutive month that headline CPI has slumped. 
   
   
5. The cost of medical services declined by 0.1 percent compared to March.
   
   
6. Medical care commodities posted unseasonally adjusted price changes of 0.5 percent compared to March.