April’s consumer prices rose at the slowest annual rate in two years

This morning, we received a new read on inflation and the numbers are in-line with analyst expectations.

The CPI report shows the index rose 0.4 percent in April. Year-over-year, prices are sitting at 4.9 percent. The market was expecting a read of five.

The food index remains unchanged from March, while energy costs climbed just over 0.5 percent.