Consumer prices in the mid-Atlantic region rose by 7.2% in April from the previous year. While that is still below the national average of 8.3%, it is the only region in the country that did not see prices pull back last month. The Labor Department reported Wednesday that consumer prices were up in April.

Prices fell from 9.5% to 9.3% in the region that includes Texas, Oklahoma, Arkansas and Louisiana. Other states are also experiencing a slight slowdown in inflation, although it remains well above the national average and far higher than pre-pandemic levels. In the Mountain state region — Montana, Wyoming, Idaho, Nevada, Utah, Colorado, Arizona and New Mexico – inflation moderated.

Real average hourly earnings decreased 0.1% in April from the previous month. On an annual basis, real earnings actually dropped 2.6%. Prices in the South Atlantic, meanwhile, fell from 9.2% to 8.8%; that region encompasses Maryland, West Virginia, Virginia, North Carolina, South Carolina, Georgia and Florida.

The financial squeeze stems from the rising cost of a number of everyday goods, including cars, rent, food, gasoline and health care. The inflation spike has created a political headache for President Biden, who has seen his approval rating plunge as consumer prices rise. It has also forced the Federal Reserve to embark on the most ambitious policy tightening mission in decades.
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