Markets > Government

US inflation dips from 4-decade high but still causing pain

17 days ago   |   By Chron

WASHINGTON - Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest since 1981. On a monthly basis, prices rose 0.3% from March to April, the smallest increase in eight months.
Still, Wednesday's report contained some cautionary signs that inflation may be becoming more entrenched. Excluding the...
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US inflation dips from 4-decade high but still causing pain

US inflation dips from 4-decade high but still causing pain

17 days ago   |   By Stl Today

Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% from 12 months earlier. That was below the 8.5%...
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Stocks stagger higher after mixed report on April inflation

Stocks stagger higher after mixed report on April inflation

17 days ago   |   By Stl Today

Stocks are stumbling higher in jumbled trading on Wall Street Wednesday after a report showed inflation slowed last month, though it was still worse than feared. The S&P 500 was 1% higher after waffling between modest gains and losses in...
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Stocks Rebound After Inflation Moderates Slightly, Giving Investors Hope That Prices May Have Peaked

17 days ago   |   By Forbes

Consumer prices fell for the first time in eight months but remain elevated.
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US stocks trade mixed after April inflation cools by less than anticipated

17 days ago   |   By Business Insider

US national average gas prices have been above $4 a gallon since March. Al Seib/Los Angeles Times/Getty Images
Stocks dropped Wednesday following the April inflation report.
Headline inflation of 8.3% was above a Bloomberg consensus estimate of 8.1%.
Core consumer prices rose 0.6%, more than the 0.4% estimate.
Stocks dropped Wednesday after the US government said headline inflation eased in April but was still hotter than expectations. Stock futures swung sharply lower after the Bureau of Labor Statistics said the Consumer Price Index climbed 8.3% in the year through April. Economists...
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Inflation slowed in April for the first time in 8 months

17 days ago   |   By Business Insider

Kelly Hayes looks at produce that is on sale as she shops at Whole Foods Market in the Tenleytown neighborhood on Thursday April 28, 2022 in Washington, DC. Matt McClain/The Washington Post/Getty Images
The Consumer Price Index rose 8.3% in the year through April, the government said Tuesday.
Economists surveyed by Bloomberg expected the measure to climb 8.1% year-over-year.
The print reflects the first slowdown since August and a sign that the country is past peak inflation.
For the first time in nearly a year, US inflation has cooled down. The Consumer Price Index - a closely watched...
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