Not this month.
Welcome to the Know the Difference Minute for Wednesday, May 11th.
Another month, another bump in the Consumer Price Index. Officially, an 8.3% increase from April of last year. 
Even down slightly from March’s 8.5, there isn’t much evidence that inflation has peaked. The Core-CPI number removes food and energy which are extra volatile. Even then, it was a 6.2% gain. 
Everyone feels it. Wages adjusted for inflation decreased. Average hourly wages are up 5.5% but rising costs are destroying paycheck gains. 
Inflation is most noticeable at the pump and the grocery store, but housing isn’t far behind. The so-called Shelter Index makes up 1/3 of CPI weighting and has climbed over 5%. That’s the fastest since April of 1991. 
No one envy’s the Federal Reserve. It has to cool demand and prices without making a mistake that drags the country into recession. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.