Summary List Placement

Reopening-fueled inflation has arrived.

The Consumer Price Index — a key gauge of nationwide price growth — leaped 0.8% in April, trouncing the median estimate of a 0.2% jump. The increase was the largest since 2009. The index that excludes food and energy prices rose 0.9%, and that was the largest one-month surge since 1982.

The data highlights that relaxed lockdown measures, stronger demand, and widespread supply shortages converged to boost price growth. More recent headlines, particularly news of a cyberattack crippling a key oil pipeline, suggest inflation will accelerate further in May.

But for many details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com