JUST IN: April CPI inflation jumped to 3.8%. Higher than expected. Highest increase since 2023.
3.8% is just the average.
Energy commodities are up+29.2%
Gasoline is up +28.4%
Airfare is up +20.7%
Energy is up +17.9%
No amount of “budgeting” can excuse the fact that inflation is robbing us blind.