The Consumer Price Index  increased 8.3% in the year ending in  April, according to the Bureau of  Labor Statistics, 

somewhat higher than economists had projected.

It was down from the 8.5 percent  recorded in March, which was the  highest level in almost 40 years.

Economists, the Federal Reserve,  the White House, and the American  people all hoped for this outcome.

 However, there are a number of  variables that will  keep costs high this summer.

What has become more costly? Housing, food, plane tickets, and new cars

Housing, food, plane tickets,  and new cars all saw significant  price rises in April

 Food costs increased by 0.9  percent last month and by 9.4% year on year.

Energy prices, on the other hand,  decreased in April as gasoline prices  declined from their March highs. 

Energy prices increased by 30.3 percent in the last year. In May,

For the third month in a row,  housing prices increased by 0.5 percent,

including rents and owners'  equivalent rent for persons who own  their homes.