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Inflation Slowed in April, Marking 10th Month of Moderation


Inflation slowed for a 10th straight month in April, a closely watched report on Wednesday showed, good news for American families struggling under the burden of higher costs and for policymakers in Washington as they try to wrangle rapid price increases.The Consumer Price Index climbed 4.9 percent in April from a year earlier, less than the 5 percent that economists in a Bloomberg survey had expected. Inflation has come down notably from a peak just above 9 percent last summer, though it has remained far higher than the 2 percent annual gains that were normal before the pandemic.Cheaper prices for airline tickets, new cars and groceries including eggs and produce helped to pull inflation lower last month even as gas prices and rents climbed briskly. In an important shift, prices for some services slowed — a positive for the Federal Reserve, which has been raising interest rates to slow the e …

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