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<title>Latest Inflation Report Is More Bad News for Biden(more on this)</title>
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<description>The Bureau of Labor Statistics (BLS) released its April Consumer Price Index (CPI) report on Wednesday morning, and it&#x26;#x27;s more bad news for the Biden administration and the Federal Reserve as their half-hearted fight to tame inflation continues to look largely ineffective at making a noticeable difference for the American people. CPI inflation increased 0.4 percent in April, while costs rose 4.9 percent in the last 12 months. The core CPI number &#x26;#x2014; excluding more volatile food and energy prices &#x26;#x2014; also increased 0.4 percent month-over-month for April for a 5.5 percent annual advance.</description>
<author>townhall.com</author>
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<pubDate>Wed, 10 May 2023 16:29:07 GMT</pubDate>
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