Today’s CPI report puts April headline inflation at 3.8% year-over-year — the highest since May 2023 and a tenth above consensus — as energy costs surged 3.8% for the month and price pressures spread into shelter, food, and core goods.

Two Cato Institute scholars are available for comment today:

Jai Kedia, Research Fellow at Cato’s Center for Monetary and Financial Alternatives and a contributor to the Cato Handbook on Affordability, can address the Federal Reserve’s constrained position: rising rate-hike odds, historic policy dissent, and the “higher for longer” implications.

Ryan Bourne, editor of the Handbook, is also available in a limited capacity to speak to what today’s data means for households and what genuine affordability solutions require.

If you’d like to set up an interview, please contact Cato PR at pr@​cato.​org.