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Economy
People at a grocery store

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  • US inflation saw some moderation in April.
  • The Consumer Price Index increased 3.4% year over year in April, just below March's rise of 3.5%.
  • The 3.4% matched what economists expected for April.

Inflation in the US is still above 3%, new Consumer Price Index data released on Wednesday suggested, but cooled off slightly in April.

Tags
economy, Markets, economy, CPI, consumer-price-index, Inflation, BLS, insider-graphics
Source
Inflation slightly cooled off in April as expected