U.S. April Consumer Prices Rose 3.4% From Year Earlier

By David Uberti

U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.

The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food and energy items climbed 3.6% annually, the lowest increase since April 2021.

Both of those year-over-year results were in line with the expectations of economist polled by The Wall Street Journal.

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(END) Dow Jones Newswires

05-15-24 0848ET