Inflation hit 8.3% last month but slows from 40-year high
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking.
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Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking.
U.S. inflation chilled slightly in April, coming in at an annual rate of 8.3%, according to a Wednesday U.S. Department of Labor report, though many consumer categories, including basic necessities, still saw double-digit increases over a year ago.
Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.
Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.
Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.