Topline
Annual inflation fell for a tenth-straight month in April to mark its lowest level in nearly two years—an unexpected and positive development for the economy as the Federal Reserve’s battle to tame rising prices potentially nears a pause.
Key Facts
Consumer prices rose 4.9% on an annual basis in April, according to data released by the Labor Department on Wednesday, marking the smallest year-over-year increase since May 2021 and coming in better than economists expectations for inflation to remain flat at 5%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased