Grocery, Airfare Inflation Reached Historic Highs in April; Gas Prices Eased

Americans paid less for gas but more for groceries and air travel last month as broader inflation rates eased slightly but remained at historic highs.

Falling energy costs led to a smaller overall increase, with gasoline prices falling 6.1% seasonally in April, following a sharp rise in crude prices in March following Russia’s invasion of Ukraine. Groceries were up 1% from March and up 10.8% over the past 12 months, the biggest 12-month increase since November 1980, the Labor Department said.

https://www.wsj.com/articles/grocery-airfare-inflation-reached-historic-highs-in-april-gas-prices-eased-11652279127?mod=pls_whats_news_us_business_f Grocery, Airfare Inflation Reached Historic Highs in April; Gas Prices Eased

Edmund DeMarche

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