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Economy
BLS and consumer price index: Inflation is real, and it's spectacular
2021-05-12
[Hot Air] "These are staggering numbers," CNBC’s Rick Santelli, and while the direction was expected, the amplitude was very much a surprise. The Bureau of Labor Statistics reported an 0.8% jump in the Consumer Price Index for April, an annualized increase of 4.2%, far above expectations.

As Santelli explains, we’re comparing year-on-year from the first full month of COVID-19 shutdowns, so some upward pressure is normal under the circumstances. However, this looks more like actual inflation:
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