US Inflation in April Rises; Annual Inflation Rate Slides

United States inflation in April climbed for a third month in a row as American consumers caught some pricing breaks in clothing, energy and food but paid more for homes and rent, healthcare, transportation and vehicles.

In a tale of opposites, according to government data released Friday, May 22, annual inflation declined by the biggest amount in 5-1/2 years while core consumer prices posted their biggest monthly increase in over 2 years. Continue reading US Inflation in April Rises; Annual Inflation Rate Slides