The US Labor Department says the consumer price index in April rose 4.9 percent from a year earlier.
The pace is a bit below 5.0 percent shown in March, marking a slowdown for the 10th consecutive month.
It has dropped to the 4 percent level for the first time in two years.
The US economy has begun showing a slowdown in inflation after the Federal Reserve started to raise interest rates sharply since March last year.
The pace is a bit below 5.0 percent shown in March, marking a slowdown for the 10th consecutive month.
It has dropped to the 4 percent level for the first time in two years.
The US economy has begun showing a slowdown in inflation after the Federal Reserve started to raise interest rates sharply since March last year.
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Summary
US consumer price index increased 4.9% year-on-year in April, a slight decrease from March's 5.0%. This marks the tenth consecutive month of slowdown. The rate has dropped to 4.0% for the first time in two years. The slowdown in inflation follows the Federal Reserve's sharp interest rate hikes
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ID: 7b7f87e2-93ab-4d18-bcfc-7cff8caf70a6
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230510_38/
Date: May 10, 2023
Created: 2023/05/11 07:50
Updated: 2025/12/09 04:15
Last Read: 2023/05/11 11:05