Economic tremors hit White House at crucial moment for Biden policy agenda

Some of the most significant price increases came from used cars and trucks, which rose 10 percent in April. That is the largest one-month increase since the Labor Department started keeping track in 1953, accounting for more than one-third of the seasonally adjusted rise in prices for all items, according to the Bureau of Labor Statistics. The cost of shelter, airline fares, recreation, motor vehicle insurance and home furnishings also drove April’s overall price climb. Lumber and other sectors have been unable to keep up with demand, creating “bottleneck” effects that lead to high prices.