Things are Even Worse in the Phoenix Area!
Two headlines on the same financial news site at the same time:
- … inflation decelerates slightly.
- … Inflation comes in hotter than expected.
Maybe that’s why President Biden is so confused. He doesn’t know how to sort things out.
As it happened the latest Consumer Price Index came in slightly lower than last month but higher than the consensus forecast. For the 12 months through April, the CPI rose 8.3 percent.
Food prices climbed 9.4 percent.
Once again, prices are rising faster in the Phoenix metro area than the national average. For the 12 months through April, the Phoenix-Mesa-Scottdale consumer price index is up 11 percent.
That the fastest in the nation.