CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent.
Inflation increases 3.4% in April as prices remain elevated
The Labor Department on Wednesday released the closely watched April consumer price index report, revealing just how hot inflation was running last month.
Consumer Price Index rose 3.4% in April, slightly below previous month
The Consumer Price Index rose 3.4% in April from a year ago — easing from the previous month but still well above the Federal Reserve’s 2% target as it looks to tamp down inflation. The latest monthly figure eased slightly from 3.5% in…
US inflation at 3.4% in April, dropping slightly from previous month
Policymakers have been surprised by stubborn price growth, which they hoped to bring down to 2%, in recent months
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
Inflation eases to 3.4% in boost for the Federal Reserve
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
Inflation Eases Slightly
“Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent,” CNBC
Consumer Prices Up 3.4% Through April, In Line With Estimates
Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.