U.S. consumer prices rose at a slightly slower pace in April – topping at 8.3%, down from 8.5% in March.
Supply issues kept inflation near its highest level in 40 years. Economists say the pandemic and the Ukraine conflict are largely to blame. CGTN’s White House correspondent Nathan King has a report.
- Ryan Patel is a global business executive and board director with Claremont Graduate University’s Drucker School of Management.
- John Gong is an economics professor at the University of International Business and Economics.
- David Bailey is a business economics professor at the University of Birmingham.
- John Quelch is Dean of the University of Miami’s Herbert Business School.
Inflation slowed slightly in April after seven months of gains, a sign that price increases may be peaking. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said. https://t.co/Ev2n5ZX60p
— The Associated Press (@AP) May 11, 2022
Millions of tons of wheat, corn and sunflower oil have been locked in Ukraine since Russia’s invasion and subsequent blockade. https://t.co/xhmJzzwVPL
— POLITICO (@politico) May 11, 2022
Investor confidence in Germany’s pandemic rebound improves but remains deeply negative as the war in Ukraine darkens the outlook for Europe’s largest economy https://t.co/qc8Vs8qyg0
— Bloomberg (@business) May 10, 2022