Inflation is coming down

You might not know it to look at your own household bills, but according to the Bureau of Labor Statistics’ April report, the Consumer Price Index (CPI) increased 4.9% since last April, a tenth of a percentage point lower than was predicted. The NY Times reports that inflation is starting to come down, which normally means lower prices for consumer goods such as food, clothing, energy, and appliances. Prices in some areas have fallen slightly, as the chart below shows, but others still rose, just at a slower pace than expected.