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Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years.

Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%.

Shelter costs, which comprise about one-third of the CPI, rose at their fastest pace since 1991.

Inflation-adjusted earnings continued to decline for workers, falling 2.6% over the past year due to the surging cost of living…”

https://www.cnbc.com/2022/05/11/cpi-april-2022.html

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