Consumer prices in the U.S. accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come, the Worthy News website reports today (May 13, 2023).
Prices rose 0.4% from March to April, the government said, up from 0.1% from February to March.
The nation's inflation rate has steadily cooled since peaking at 9.1% last June, but remains far above the Federal Reserve's 2% target rate.
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