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Inflation cooled slightly to 4.9% for the year ending in April, the Bureau of Labor Statistics reported Wednesday, a welcome sign that the Federal Reserve's efforts to tame price growth are working.
It will be a challenge to keep Consumer Price Index (CPI) growth under 4 percent this year, according to an economist.
>> drug prices have gone down for the first time in 51 years. they've gone down. first time in 51 years. great job, alex. that's really fantastic. >> that statement from the president is not accurate. so here it is. the president appeared to be referring to recent decreases in the labor department's consumer price index but the april cpi was updated before the president's claim showing an increase of 0.3% of prescription drug prices. every week we track the president's claims or statements to see how they are. "the washington post" reporting the president made more than 10,000 false or mislead...