Inflation surges in April as consumer prices leap 4.2%, fastest since 2008

Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.

Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.Energy prices overall jumped 25% from a year ago, including a 49.6% increase for gasoline and 37.3% for fuel oil. Used car and truck prices, which are seen as a key inflation indicator, surged 21%, including a 10% increase in April alone.

For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.

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Now what did I say about food prices and other products going up? What do you see at the gas pumps? Now 13 states the gas line has been shut down under a cyber attack. It’s probably a Joe Biden Democrat party attack. Which will affect you Democrat peoples vacation and💰😉. 2022?

Biden on a roll!!!

POTUS hey Genius another great job along with the gas prices going up before the pipeline crises.

Printing money like walmart cupons, its no monopoly board game champs

Morning_Joe 🤔This isn’t new, Consumer prices has been raising every sense that Bull Shit trade war a few years back. It’s always an excuse why... It’s been an uneven gap in that reasoning for the excusing keep coming on why..

This country is fucked beyond repair

Morning_Joe Inflation!!

Morning_Joe What is different about Joe's voice this morning?

Money printing effect causes inflation to rise up fast. The money printing effect will fade off in the second half year. Inflation is only temporary. Economy and jobs won’t recover fast due to ongoing pandemic worldwide. There is still some room for stock market bull to run.

IAmSophiaNelson Products did not cost more to make, it's just corporate greed. like the more than '1 Trillion in Profit by the wealthiest Americans, while others being evicted and in food lines. Democrats & JoeBiden putting money in your pockets, not the pockets of the Rich! to Trickle on You!

Morning_Joe Stop printing money. Stop spending money we don’t have. Inflation is coming and we are now in a war in the Middle East. troubleonthehorizon

Those of us that shop already knew this.

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