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Despite the Upbeat Spin That It's 'Slowed,' Inflation Is Still Crushing Americans

The new CPI numbers came out Wednesday morning, clocking in at a hefty 8.3 percent. Per CNN:

The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March, which had been the highest level in more than 40 years.

Note the spin from CNN (and much of the legacy media):

US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.

I’m not so sure I’d characterize 8.3 percent as “a breather.” I’m with Jim Geraghty on this:

Can you look at these numbers and really characterize it as “inflation took a breather”? https://t.co/0GQftRM4NI

— Jim Geraghty (@jimgeraghty) May 11, 2022

True, it’s not the 8.5 percent of March, but let’s take

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