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April's Inflation Report Is Here, and Yes, Things Are Still Bad

The Consumer Price Index increased 0.3% from March to April, and inflation was at 8.3% in April compared to April 2021, the Department of Labor announced in a Wednesday press release.

Even though these numbers are lower than the 1.3% month-to-month consumer price increase and 8.5% year-to-year inflation in March, they’re still concerning, Fox Business reported.

The outlet noted that these figures were slightly higher than the predicted 8.1% and 0.2% from economists at Refinitiv.

When broken down into specific categories, the CPI spells some bad news for Americans, which they were likely already aware of while shopping. In particular, food rose 0.9% on the index, and the “food at home” index rose 1%.

Although the energy index dipped 2.7% in April compared to the previous month, there is still a 30.3% rise over the past year. The report notes that the gasoline index increased by 43.6%, and the fuel oil

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