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US inflation slowed in April, providing a glimmer of hope for weary Americans
After a hot start to 2024, inflation cooled back down in April, providing a bit of hope for Americans worn down by elevated prices.
Consumer prices were up 3.4% for the 12 months ended in April, easing from 3.5% the month before, according to the latest Consumer Price Index report released Wednesday by the Bureau of Labor Statistics.
On a monthly basis, prices rose 0.3%, a slower pace of growth than the 0.4% seen in the two months prior.
Economists were expecting a 0.4% monthly...