SHOCK REPORT: Inflation Surges – Consumer Prices Jump 4.2% – Fastest Rise Since 2008 (VIDEO)
Inflation jumped to the fastest increase in a decade.
Business Insider just reported on the much higher than expected US Inflation rate:
The Consumer Price Index jumped 0.8% last month, the Bureau of Labor Statistics said Wednesday morning. The median estimate from economists surveyed by Bloomberg was for a 0.2% month-over-month gain. The reading follows a 0.6% jump in the CPI from February to March.
Core inflation – which leaves out volatile energy and food prices – rose 0.9%.
Prices climbed 4.2% year-over-year, marking the strongest inflation since September 2008. Economists expected a year-over-year reading of 3.6%.
BREAKING: Inflation surges in April as consumer prices leap 4.2%, fastest since 2008 https://t.co/maV7vPrFAz
— Jack Posobiec (@JackPosobiec) May 12,
