(Jim Hoft) The US inflation rate was released on Wednesday morning. The 8.3% inflation rate was higher than expected at 8.1%.
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by Jim Hoft, May 11th, 2022
The US inflation rate was released on Wednesday morning. The 8.3% inflation rate was higher than expected at 8.1%.
April 2022 CPI: 8.3% y/y vs. 8.1% Consensus Estimate
— Market Rebellion (@MarketRebels) May 11, 2022
Increases in shelter (Paging Powell!) food, airline fares & new vehicles were largest contributors to SA headline CPI. The food index rose 0.9%, food at home index rose 1.0%. Energy fell in April w/ gasoline fell 6.1% offsetting increases in natural gas and electricity.
— Danielle DiMartino Booth (@DiMartinoBooth) May 11, 2022
Here’s more on today’s inflation number.
Biden delivers another month of higher prices, smaller paychecks
Overall CPI: +8.3% since last year
Gas: +43.6%
Electricity: +11%
Meat, Poultry, & Fish: +13.8%
Milk: +14.7%
Eggs: +22.6%
Coffee: +13.5%
Used Cars: +22.7%
Airline Fares: +33.3%
Real Average Hourly Earnings: -2.6%— Jacki Kotkiewicz (@jackikotkiewicz) May 11, 2022
FOX Business Network reported on the historic number.
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About The Author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016.
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