US consumer prices spike even worse than expected


Inflation remains at the highest levels in 40 years as the Biden administration admits some culpability.

Prices of consumer goods continue to soar across America, the latest official print of the Consumer Price Index confirmed on Wednesday, showing price growth at 8.3% over the last 12 months as of April. This marks the eleventh straight month of inflation registering over 5% and exceeds the 8.1% expected by economists polled by Dow Jones, cited by CNBC. 

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