Economists expect smaller price increases in May, with a predicted 4.1% rise compared to last year. If accurate, this reflects a significant decline from April’s 4.9% inflation, bringing it to about half of last year’s level. Despite the Federal Reserve’s rate hikes, inflationary pressures continue. Inflation has been a give-and-take process over the past year, impacting various areas of the economy.
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Summary
Article Name
Inflation Cooling: Reasons and Limited Decline
Description
Economists expect smaller price increases in May, with a predicted 4.1% rise compared to last year.
Author
Susan Jane
Publisher Name
CNN
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