Has inflation finally peaked?

Has inflation finally peaked?

Inflation may have finally peaked after more than a year of supply chain snarls,

....labor shortages and a flood of stimulus driving prices higher.

economists say, posing political challenges for the Biden administration,

Consumer prices rose 8.3 percent over the 12 months ending in April,

according to the Labor Department’s consumer price index (CPI),

......down slightly from an annual inflation rate of 8.5 percent in March.