The annual rate of inflation in the United States slowed for the first time in eight months in April, but inflation gauges remained stubbornly high and outstripped forecasts, according to government data released Wednesday, May 11.
Easing energy prices helped to reduce overall inflation from the month prior, but consumer prices are still rising rapidly and are sharply higher than a year ago. Continue reading U.S. Inflation Remains Near 40-Year Highs as April CPI Tops Expectations