The US inflation’s decline will be rocky ...Middle East

US consumer prices increased way less in April than in March, but that doesn’t mean that inflation will decline steadily. And despite the decline, inflation is still at a historic high.Yearly inflation hit 8.3% in April, while prices increased by 0.3% from March. Most of the jump was due to rising prices for airfares, which were up nearly 19% on the month as Americans travel more regularly. Prices for goods and energy, on the other hand, cooled off somewhat.“You can frame this print as not evidence of deceleration, but also not evidence that we’re in a further acceleration environment,” said George Pearkes, an investment analyst at Bespoke Investment Group. “It’s more like we’re in a high in

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Last updated : 11 May 2022 clock 06:29 PM

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The US inflation’s decline will be rocky ...Middle East

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