(Washington) Inflation began to slow in April in the United States, with gasoline prices receding after surging in March due to the war in Ukraine, but remains very high, affecting the popularity of Joe Biden.

In April, year-on-year inflation was 8.3%, down from 8.5% in March, according to the Consumer Price Index (CPI) released Wednesday by the Labor Department.

This is the first slowdown in eight months.

Despite this slowdown, the rise in prices remains very strong, still close to the highest level for 40 years that it had recorded last month.

And food prices are experiencing their biggest year-on-year increase since April 1981 (9.4%).

In one month alone, inflation also slowed, to 0.3%, from 1.2% in March compared to February. Gasoline prices, which spiked in March due to the war in Ukraine, fell 6.1%.

Used car prices, which had largely contributed to high inflation due to the shortage of semiconductors, fell again in April (-0.4%), for the third month in a row.

However, excluding energy and food prices, so-called core inflation accelerated over one month, to 0.6% against 0.3% in March. But it slowed down over one year, to 6.2% against 6.5%.

Joe Biden has, since the beginning of the week, tried to convince Americans that the White House is doing everything it can to fight this high inflation, which he assured is his “biggest priority”. national”.

On Wednesday, he will visit a family farm in Kankakee, Illinois (northeast), and is scheduled to speak at 2:15 p.m. on what he calls “(Vladimir) Putin’s price hike”.

https://www.lapresse.ca/affaires/economie/2022-05-11/etats-unis/l-inflation-ralentit-un-peu-en-avril-a-8-3-mais-reste-tres-elevee.php

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