By David Uberti
U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food and energy items climbed 3.6% annually, the lowest increase since April 2021.
Both of those year-over-year results were in line with the expectations of economist polled by The Wall Street Journal.
Write to David Uberti at david.uberti@wsj.com
(END) Dow Jones Newswires
05-15-24 0848ET