U.S. Inflation
April CPI Comes in Chilly
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau of Labor Statistics reported Wednesday. That was slightly below the Dow Jones estimate of 0.4%. On a 12-month basis, however, the CPI increased 3.4%, in line with expectations.