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U.S. Inflation Eased in April to 8.3% Annual Rate

by admin
May 11, 2022
in Business



Updated May. 11, 2022 8:52 am ET

U.S. consumer inflation eased in April to an 8.3% annual rate, taking a slight edge off the steepest run of price increases in four decades as energy prices moderated.

The Labor Department’s consumer-price index reading last month marked the first decline in eight months, down from an 8.5% annual rate in March. The CPI measures what consumers pay for goods and services.



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