Inflation
Going, Going, Gone?
After reaching some of the highest levels since the 1980’s, the CPI printed a hotter than expected +8.3% year-over-year figure for the month of April, higher than the +8.1% analyst consensus estimates but below the +8.5% YoY figure from March. This is still the second highest reading since 1982. The largest contributors to the surprise figure were shelter, food, airline fares, and new vehicle prices.









