US Prices Pick Up, Inflation Still Hot at 4.9%
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(Worthy News) – Consumer prices in the United States accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come.
Prices rose 0.4% from March to April, the government said Wednesday, up from 0.1% from February to March. Compared with a year earlier, prices climbed 4.9%, down just slightly from March’s year-over-year increase.
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. [ Source:NewsMax (Read More…) ]
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