The Consumer Price Index (CPI) increased by 4.2% in April compared to the same period last year, marking the quickest pace of inflation as measured by the index since September 2008. The growth was driven in part by a 25% increase in energy prices and a 21% increase in used car and truck prices.
Extra: Here’s the release from the Bureau of Labor Statistics.
The New Paper
This story is from the May 12, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
