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Transcripts For CNN At This Hour With Kate Bolduan 20240707

all happened. that s ahead. thank you for being here. let s begin with the news on the economy. good news, bad news, something in between possibly. inflation in the u.s. easing slightly in april. consumer prices rose 8.3%. lower than theri we saw in march but still very clearly painfully close to the 40 year high. today s report marks the first time the inflation rate fell in 8 months but still not good out there. sky high prices in major sectors and every aspect of life. president biden this morning called inflation unacceptably high in a statement he issued and also says inflation is now his top domestic priority as the economy faces unprecedented challenges from the supply chain to the war in ukraine. let s begin at the white house this hour. cnn s john harwood is there. john, walk us through this. reporter: well, look. inflation is president biden s top domestic priority, his top domestic problem as well. as you indicated, kate, there s good news and bad news in t ....

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Transcripts For CNN Inside Politics With John King 20240707

the president visits a family farm in illinois today. a new government makes clear that inflation is here to stay. it suggests the worst might be behind us. the consumer price index rose 8.3% compared with last year. that s a big number. 8.3%. it s down from a 40-year high from last month. look at it month to month. inflation 0.3% in april. that s down from the 1.2% gain in march. a closely watched data point within the report was up not down. beware of anyone who tells you they are certain things are trending for the better. even if inflation is retreating from the highest tide, prices are still up at the fastest rate in nearly 40 years. we start with a look inside these numbers and with cnn s christine romans. reporter: issue number one for the american family. the cost of living. so many categories it has been going up for almost a year now. those headline numbers in normal times would be very, very scary. they appear to be moderating, leveling off, peaking as one ....

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