US inflation dips from 4-decade high but still causing pain

[Yo_Mama_Been_Loggin]

WASHINGTON (AP) — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest since 1981. On a monthly basis, prices rose 0.3% from March to April, the smallest increase in eight months.

Still, Wednesday’s report contained some cautionary signs that inflation may be becoming more entrenched. Excluding the volatile food and energy categories, so-called core prices jumped twice as much from March to April as they did the previous month. The increases were fueled by spiking prices for airline tickets, hotel rooms and new cars. Apartment rental costs also kept rising.

Those price jumps “make clear that there is still a long way to go before inflation returns to more acceptable levels,” said Eric Winograd, U.S. economist at asset manager AB.

https://apnews.com/article/russia-ukraine-europe-inflation-consumer-prices-ad8465951c67310dc6c965c81d6fa9e7

[Takket]

1. Companies will keep raising prices until people stop paying for things.

Simple as that. Airline tickets may be way up but the planes are packed. No reason to slow down the price increases.