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Inflation increases 3.4% in April as prices remain elevated

Posted on AllSides May 15th, 2024
From The Right

Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.

The Labor Department said Wednesday that the consumer price index, a broad measure of how much everyday goods like gasoline, groceries and rent cost, rose 0.3% in April from the previous month. Economists expected to see a 0.4% monthly increase. Prices climbed 3.4% from the same time last year, down from the 3.5% reading in March. 

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https://www.foxbusiness.com/economy/cpi-inflation-april-2024

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