Consumer prices rise less than expected in April; core CPI slows

📆 5/15/2024 3:37 PM
📰 KSLcom

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U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut.

<p>WASHINGTON — U.S.

</p><p>The annual increase in consumer prices has dropped from a peak of 9.1% in June 2022, though progress has stalled.

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