(GOP USA) – A rising inflation trend continues as prices rose by 3.6% in April from a year ago, reflecting increases in both goods and services, according to data released Friday by the Bureau of Economic Analysis.
Prices rose 0.6% in the past month in a key inflation indicator, the data showed. But consumer spending fell 0.1 percent in April compared to last month. Energy prices increased 24.8% while food prices increased 0.9%.
The price index, considered a measure for inflation, increased 3.1% in April from a year ago, excluding food and energy. The index was forecast to increase 2.9% after rising 1.9% in March. The Fed considers 2% to be healthy.
via wnd
Inflaction under Biden continues as prices went up 3.6% in April
