Inflation cools. What the CPI report says about the economy
Buget
Inflation cooled more than expected last month, with consumer prices rising 2.3% year-over-year in April, down from a 2.4% annual rate in March. The April Consumer Price Index (CPI) report, released early Tuesday, marked the lowest annual inflation rate since early 2021 and the third consecutive month of deceleration, edging closer to the Federal Reserve’s recently reiterated target of 2%. Advertisement While shelter and energy costs rose modestly, and egg prices rose once again, the larger
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