[HIGHLIGHTS] United States.. Consumer prices continue to rise, so will interest rate hikes continue?

Consumer price index rose 0.4% last month after rising 0.1% in March. In the 12 months to April, the index gained 4.9% after rising 5 percent year-on-year inMarch.

The annual consumer price index peaked at 9.1 percent in June, its biggest increase since November 1981, and is currently falling as the impact of last year's energy price hike after the Russian-Ukrainian war subsides.Oxford Economics analyst Oren Kalashkin predicted that reaching the US Federal Reserve's stated target of 2% inflation is still a long way off.