Inflation Ticks Down a Notch, But Consumers Are Still Feeling the Pain

P.M. Edition for May 11. Inflation is still near a four-decade high. But the consumer price index, which measures what people pay for goods and services, dropped in April for the first time in eight months, from an annual rate of 8.5% to 8.3%. So what does the data tell us? Have we hit peak inflation? WSJ economics reporter Gwynn Guilford joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices