US inflation hit 8.3% in April, down from a peak of 8.5% the month before, but still above expectations, new data from the US Bureau of Labor Statistics show. “Over the last 12 months, the all items index increased 8.3% before seasonal adjustment,” the announcement said, adding that price increases for “shelter, food, airline fares, and new vehicles were the largest contributors.”...Read More: US Inflation for April Hits 8.3%, Slightly Above Expectations
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