Inflation jumped 0.4% in April as prices remain stubbornly high

[mystery-ak]

May 10, 2023 8:33am EDT
Inflation jumped 0.4% in April as prices remain stubbornly high
Economists expected inflation to rise by 0.4% in April

By Megan Henney FOXBusiness

Inflation rose again in April despite an aggressive interest-rate hike campaign by the Federal Reserve, indicating that strong underlying price pressures are still bubbling beneath the surface of the economy – and continuing to burden millions of Americans.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in April from the previous month, much faster than the 0.1% increase recorded in March. Prices climbed 4.9% on an annual basis.

Those figures were mostly in line with forecasts by Refinitiv economists.

Inflation remains about more than double the pre-pandemic average, underscoring the persistent financial burden placed on U.S. households and small businesses by high prices.

more
https://www.foxbusiness.com/economy/cpi-inflation-april-2023

[catfish1957]

Please PM me if anyone thinks this number is real. 

You really need a primer on understanding governmental lying and scams.

[LMAO]

 
And the current president is going to go out and run on his “accomplishments”

[catfish1957]

And the current president is going to go out and run on his “accomplishments”

I believe the 5% inflation number about as much as  Biden/KJP's claim of a 90% reduction in illegal immigration.

This administration is not capable of telling the truth, ever.......

[LMAO]

I believe the 5% inflation number about as much as  Biden/KJP's claim of a 90% reduction in illegal immigration.

This administration is not capable of telling the truth, ever.......

I don’t think anybody believes anything coming out of this administration anymore outside the hens  on “The View.”