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RAM Texas

Joined: 09/09/2002 Posts: 10567
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April CPI 8.3% Biden to declare victory!


The CPI rose 8.3% in April over last year, coming down only marginally from March's 8.5% increase. That had been the fastest rate in about 40 years. Consensus economists were expecting an 8.1% increase in April, according to Bloomberg.

Much of that deceleration came as a result of a moderation in energy prices. But excluding the volatile food and energy categories, core CPI decelerated only modestly in April compared to March. Core CPI rose by 6.2% last month over last year, following March's 6.5% increase. This was also hotter than the 6.0% rise expected.

Posted: 05/11/2022 at 10:06AM



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April CPI 8.3% Biden to declare victory! -- RAM Texas 05/11/2022 10:06AM

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