US inflation slowed last month for the first time since August
CNN
US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.
The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March, which had been the highest level in more than 40 years.
Stripping out more volatile product categories like food and energy, the CPI stood at 6.2% over the same period.
Hours after President Joe Biden touted its success during his commencement speech at West Point last Saturday, White House staffers learned that the temporary pier the military had just constructed into Gaza was falling apart. Four Army vessels had been beached, two in Gaza and two along the coast of Israel.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.