NBC Wisc. Reports on Inflation: ‘A Key Inflation Metric Hit a 29-Year High in April’
REPORTER: "A key inflation metric hit a 29-year high in April. The Bureau of Economic Analysis price index, which tracks U.S. consumer spending, rose 3.6 percent in the year ending in April. Biggest jump since the height of the financial crisis in September 2008. Excluding food and energy prices, the index gained 3.1 percent, the biggest increase since July 1992. Some economists are concerned that extreme price increases could keep consumers from spending and investors worry that prolonged inflation could force the end of the Federal Reserve's easy-money policies."