The US Consumer Price Index rose by 0.4 percent in April, which was in line with expectations, and provides hope that the cost of living may decrease later this year. The annual increase was slightly less than expected, at 4.9 percent instead of 5 percent. The report shows a mixed picture, with increased costs in housing, gasoline, and used vehicles pushing the index higher, but offset somewhat by declines in fuel oil, new vehicles, and groceries. The market reacted positively to the news, with futures turning positive and treasury yields lower. While inflation has persisted, the Fed's efforts to bring down prices seem to be having an impact, though at a slower pace than the central bank desires.