The Upside of High Inflation (if there is one)

Getting your Trinity Audio player ready...

Inflation hit another high in April but it is…better? Sort of?

Inflation for April came in at 8.3%. That means that the cost of living in the U.S. is 8.3% higher in April of 2022 than it was in April 2021. It sounds awful but it is better than the 8.5% that was recorded in March, a 40-year high.

We can’t really blame gas prices for this. They dropped 6.1% last month. Food is still the biggie with a 9.4% increase.

The stock market has been nose-diving all week but kept itself relatively steady on this news on Wednesday. President Biden says that he is considering dropping tariffs on Chinese imports to help ease consumer prices.

Share this article

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top