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Washington (AP) — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy. Prices increased 0.4% from March to April, the government said Wednesday, up sharply from a 0.1% rise from February to March. Compared with a year earlier, prices climbed 4.9%, down slightly from March's year-over-year increase. It was the smallest annual increase in two years. Even with price pressures rising in April, the latest data did provide some evidence of cooling inflation. Grocer...

Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high.

WASHINGTON -- Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy.

Consumer prices in the United States rose again in April, and measures of underlying inflation remained high, a sign that further declines in inflation will likely be slow and bumpy.

Despite persistent interest rate hikes from the Fed, inflation in the U.S. remains stubbornly high, prompting fears of a recession.