AP Photo/Mark Lennihan The Consumer Price Index increased 0.3% from March to April, and inflation was at 8.3% in April compared to April 2021, the Department of Labor announced in a Wednesday press release .
Even though these numbers are lower than the 1.3% month-to-month consumer price increase and 8.5% year-to-year inflation in March, they’re still concerning, Fox Business reported.
The outlet noted that these figures were slightly higher than the predicted 8.1% and 0.2% from economists at Refinitiv.When broken down into specific categories, the CPI spells some bad news for Americans, which they were likely already aware of while shopping. […]
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