Consumer price inflation decelerated to 4.9% YoY in April, a slower pace than March’s 5%, according to the Bureau of Labor Statistics. This marks the 10th consecutive month of slower headline CPI growth and the lowest rate since April 2021. Core CPI, which excludes food and energy prices, remained unchanged at 5.5% for the 12 months ending in April. The latest CPI release came in below expectations, signaling a slight relief for consumers enduring high prices.
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Lowest Inflation Since April 2021 Recorded Last Month
Description
Consumer price inflation decelerated to 4.9% YoY in April, a slower pace than March's 5%, according to the Bureau of Labor Statistics.
Author
Susan Jane
Publisher Name
CNN
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