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Inflation fell in April to 3.4 percent, reverses trend PDF Print E-mail
Written by The Hill Press   
Wednesday, 15 May 2024 10:29

costs-food-2024Job growth has remained strong, the jobless rate has lingered under 4 percent for the longest stretch since the 1960s.

WASHINGTON - Inflation slowed down in April after several months of faster-than-expected price increases, according to data released by the Labor Department.

The consumer price index (CPI), a closely watched inflation gauge, rose 0.3 percent in April and 3.4 percent over the previous 12 months, in line with economist expectations.

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