US inflation hit 8.3% in April, down slightly from 40-year high
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
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On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
U.S. inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
U.S. inflation eased slightly from March’s 40-year-high and is now at an annual rate of 8.3% according to a Wednesday Labor Department report. But, basics like groceries and gas were still up by double digits over a year ago.
Price hikes led by gas, which reached a record $4.40 national average, according to AAA.
Grocery prices up 10.8%, steak is “almost out of the question”