Economic Report: U.S. consumer price inflation below 5% for first time in two years

by | May 10, 2023 | Stock Market

The numbers: U.S. consumer prices rose 0.4 % in April, up from a 0.1% gain in the prior month, the Labor Department said Wednesday. However, over the past 12 months, consumer inflation increased 4.9% and that’s down from a 5% year-on-year increase in March and also down from a 9.1% rate last summer, which was the fastest pace since 1981. Economists…

Article Attribution | Read More at Article Source

Share This