First words of article: "The U.S. economy shrank at a 1.4% annual rate in the first quarter". That's an actual shrinkage, not a lower rate of growth. "Inflati

First words of article: "The U.S. economy shrank at a 1.4% annual rate in the first quarter". That's an actual shrinkage, not a lower rate of growth. "Inflation in April was 7%" is indeed a frequent misleading/ambiguous phrase. They should say, "consumer prices rose in April at a 7% annual rate", or say "consumer prices increased by 0.6% in April", though constant incorrect usage might lead people to misinterpret the latter.