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Published 1 month ago

Inflation eases slightly in April, remains above 3%

  • Prices rose 3.4% in April compared to the previous year, slightly lower than March's 3.5%, per Bureau of Labor Statistics data.
  • Housing costs remain a significant factor in the price increase.
  • The Federal Reserve is addressing surprising inflation figures and intends to maintain high rates until inflation returns to their 2% target.
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