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Welcome to the Jill on Money Show. It's Thursday, May 16th, and we are here trying to help you make better financial decisions.

Or maybe we're also trying to make sense of

headlines that you see. So it was very funny I was doing a radio hit yesterday

right after the big inflation report came out and I had

was squeezing in between two different radio stations. One station introed me and

said inflation still high and like sort of like the bad news and

the same exact report had come out and another station says good news on

inflation so what are you to take from the inflation reading? What are you supposed to do with this

information? I am very happy to say that I can help you out with this because yesterday I went on CBS mornings to discuss the

consumer price index report which came out yesterday morning and so maybe you'll hear what I believe to be the important aspects of

this inflation report and when we come back on the other side of this we're going to talk about where I think inflation is going

and what the Federal Reserve is likely to do. So here is yesterday's segment with

CBS mornings. Your anchors are Nate Burleson, Gail King, and Tony

Dicopel. The Consumer Price Index in April shows prices rose 3.4% over the past

year. That's a tiny bit lower than it was last month and also lower than it was a year ago.

CBS News Business Analysts, Jill Schlesinger, is here with what you need to know.

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