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US inflation beat forecasts in April but remained high at 4.9%

A widely followed measure of inflation rose in April, despite more than a year’s worth of Federal Reserve interest rate increases. The consumer price index, which measures the cost of a broad swath of goods and services, increased 0.4% for the month, in line with the Dow Jones estimate. However, that equated to an annual increase of 4.9%, slightly less than the 5% estimate.

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Left 30%

Center 52%

Right 18%

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158 other sources covering this story

Total News Sources

158

Leaning Left

34

Center

59

Leaning Right

21

Last Updated

1 year ago

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