Inflation Hits Highest Levels Since Great Recession; U.S. BUREAU OF LABOR STATISTICS
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Consumer Price Index Summary
- The Bureau of Labor Statistics (BLS) reported: “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment. This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008.”
- The 12-month inflation rate soared past the expectations of economists, who expected inflation to fall around 3.6% and 0.6% lower than the actual 4.2% inflationary spike.
SOURCE – DAILYWIRE