That aspect was reinforced by the report from the Labor Department on Wednesday, which also showed underlying monthly inflation pressures building up again after a lull in March as airline ticket prices notched their biggest increase on record. Rents rose by the most since 2006, further squeezing consumers who also paid more for food and healthcare.
Russia's unprovoked war against Ukraine is the main catalyst for the surge in gasoline prices, and has also driven up global goods prices. Stocks on Wall Street rebounded following a recent drubbing. The dollar fell against a basket of currencies while U.S. Treasury prices were mixed.People carrying shopping bags walk inside the King of Prussia shopping mall, as shoppers show up early for the Black Friday sales, in King of Prussia, Pennsylvania, U.S. November 26, 2021. REUTERS/Rachel Wisniewski
"We remain nervous about the impact from gasoline and the growing price pressures within services," said James Knightley, chief international economist at ING in New York.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diamond: The Birthstone for April 2022 / 2023 » Fashion AllureThe diamond is the traditional astrological birthstone for people born in April. It is the most brilliant, sought-after, and most expensive gemstone among the birthstones. It symbolizes love, courage, good health, and good fortune too.
Source: efashionallure - 🏆 721. / 51 Read more »
US inflation hit 8.3% in April but slows from 40-year highConsumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. I wish it was only 8% ...
Source: FOX29philly - 🏆 570. / 51 Read more »
Inflation hit 8.3 percent in April compared to last year, showing signs of leveling offIt remains near a 40-year high, but little change from a month ago could be a positive sign for the price of goods, services and the broader economy. If the idiots at NBC keep running stories on inflation and high gas prices without making it clear they were not caused by Biden administration we will end up with a MAGA controlled house & senate If that happens God help us leveling off can't be mis-leading when you can't get into a restaurant, bar, concert, or baseball stadium, etc., etc., on the weekends or holidays. People are out, eating and drinking...and then complaining about inflation.
Source: NBCNews - 🏆 10. / 86 Read more »
Inflation expected to drag on Democrats until midterms, experts say as it hits 8.3% in AprilApril inflation numbers show prices much higher than a year ago. creepyjoe The Biden administration is touting the drop from 8.5 to 8.3 %. That's like Amber Turd shiting on your pillow and telling you it's a complimentary mint. Te Democrats have an answer for that! Increase COVID notice in Sept and Oct and use the mail ballot in Nov. Let the mules out and stuff the drop boxes.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Headline Inflation Slowed to 8.3% in April, But Core Inflation Keeps RisingBitcoin ($BTC) was falling after a government report showed that the 12-month U.S. inflation rate slowed to 8.3% in April. Core inflation rose 0.6% from the prior month, faster than expected and double the prior month's rate HeleneBraunn reports
Source: CoinDesk - 🏆 291. / 63 Read more »
Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highsBREAKING: CPI increased 8.3% in April from a year ago, more than the 8.1% estimate and near the highest level in more than 40 years. Let’s Go Brandon! What are our options? Price controls...anyone really want to go back to those? An excess profits tax might work. Price gouging legislation, like Florida has. Let's continue to throw away taxpayer money, its time to wake up and 'smell' the numbers!
Source: CNBC - 🏆 12. / 72 Read more »