Nearly all major components of the government's inflation measure increased in April, the Bureau of Labor Statistics reported Wednesday.US consumer prices in April increased 4.2% from a year earlier, more than the 3.6% economists had predicted. It was the biggest 12-month increase since September 2008, the height of the financial crisis.Prices rose 0.8% on a seasonally adjusted basis between March and April — also more than analysts had expected.
All these components have been pushed up by the reopening of the services sector, with the exception of the used car component, but here too Covid is the story," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. "People need to go back to work, but reluctance to use public transportation has driven up demand for used cars, and prices have surged. This won't go on forever," he added.Food prices rose 0.4% in April as both groceries and restaurant prices went up.
ChristineRomans You didn't name the cause. You simply examined the effect.
ChristineRomans It’s called inflation. We have it because Biden and the Democrats have been giving money away to buy your votes
ChristineRomans We need Donald back!!!! We need the 🚊!!!
ChristineRomans covid1948 FreePalestine
ChristineRomans It's called inflation! This is all because of Biden and Democrats spending more of our money for crap liberals free for all BS!