“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”
May 11, 2022
“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…”