Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
https://www.cnbc.com/2022/05/11/cpi-april-2022.html (click link to read the news article referenced)
This is unfortunate, but expected.
LPL Research has been consistently forecasting that inflation will likely peek this summer along with long-term bond rates. I will be more concerned if the June/July numbers are as high. Again, check out LPL's perspective on this from last month in this 4 minute video. https://www.youtube.com/watch?v=hBxxMDN1HTc