NBC Wisc. Reports on Inflation: ‘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% in the year ending April, biggest jump since the height of the financial crisis in September 2008’


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."

Video files
Audio files
Similar stories
CBS News: Inflation Reaches 13-Year High
Sen. Kennedy Calls out Yellen for Predicting Inflation Wouldn’t Break out This Year
NBC News Reports on Rising Prices: ‘Inflation at a 13-Year High,’ Prices Up ‘Double Digits’
Pat Toomey: Biden Is ‘Factually Wrong’ Saying the Price Increases Are a Result of the Economy Picking Up Again
CNN’s Romans: Oil Prices at a Three-Year High Mean that You’re Paying $10, $15 for a Tank of Gas More than You Did a Year Ago