![News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs 1 News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs](https://news24feed.com/wp-content/uploads/2022/05/p-rise-in-inflation-may-have-hit-a-peak-but-remains-near-40-year-highs-YzSrQv1jxtUhqdefault.jpg)
In our news wrap Wednesday, the Labor Department’s April consumer price report shows a slight drop in inflation increases amid 40-year highs, Hong Kong police arrested a Catholic cardinal for endangering China’s national security, the Great Barrier Reef suffered its fourth mass-bleaching event in seven years and candidates backed by former President Trump had mixed results in Tuesday’s primaries.
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