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US inflation soars in April to 13-year high

US inflation soars in April to 13-year high

Inflation in April accelerated at its fastest pace in more than 12 years, the Labor Department reported Wednesday. The Consumer Price Index rose 4.2% from a year earlier. The month-to-month gain was 0.8%, against the expected 0.2%. A trigger for the same was energy prices. Energy prices overall jumped 25% from a year earlier, including a 49.6% increase for gasoline and 37.3% for fuel oil.

David
David
Tish Tosh
Tish Tosh 0 months

I. Told. You. So. This has been coming since May when the govt gave out ridiculous amounts of free money. Absolutely stupid move.

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