This is the tenth consecutive decline. However, in monthly terms prices have risen four tenths.
Year-on-year inflation fell again in the United States in April, for the tenth consecutive month, and stood at 4.9%, one tenth less than in March, according to data published this Wednesday by the Bureau of Labor Statistics (BLS). , in English).
However, in monthly terms prices have risen four tenths.
The underlying index, which excludes food and energy prices from its calculation, ended April with an increase of 5.5%, also one tenth less than the previous month. For its part, food has become more expensive by 7.7% in its interannual rate, while energy has reduced its price by 5.1% compared to April of last year.
These data will be defining for the Federal Reserve (Fed) to decide to continue raising interest rates or pause. The next meeting will be held on June 14.
Source: Eitb
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.
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