America’s annual inflation rate is over 16%, according to ShadowStats’ Alternate CPI.
Primarily reflecting a one-time drop in gasoline prices, due to the Administration’s massive release of Strategic Oil Reserves, year-to-year inflation notched lower for both the April 2022 headline Consumer Price Index (CPI-U) and the ShadowStats-Alternate CPI, from March 2022 levels, which were, and otherwise still are at respective 40-year and 75-year high levels.
• Specifically, year-to-year April 2022 CPI-U inflation eased to 8.3% from 8.5% in March 2022, with the April ShadowStats “Corrected” Alternate CPI slowing to 16.5% from 16.8% in March.
From Grocery Dive, “Grocery prices soar 10.8% as inflation remains high”:
Grocery prices in April rose for five of the six major food categories. Dairy and related products rose 2.5%, marking its largest monthly increase since July 2007. Nonalcoholic beverages followed as the second-highest index with a 2% increase. The 1.4% price increase in April for meats, poultry, fish,
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