//@ericbqlee: [smile] //@PearlynCSY: April’s consumer price index showed an 8.3% jump, higher than the 8.1% increase expected by economists polled by Dow Jones. The price surge remained near the 40-year high pace of 8.5% seen in March. Not all analysts are convinced the data suggests inflation has reached a peak. Some analysts see the data as a sign that the Fed is behind the curve in curbing inflation, which could put pressure on the central bank to act more aggressively in tightening monetary policy. The initial negative market reaction to the inflation print was “totally understandable,” but as prices continue to rise, the U.S. is on the brink of a “cost of living crisis,” Allianz chief economic advisor Mohamed El-Erian told CNBC’s “Squawk on the Street.”