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https://www.wsj.com/articles/us-inflation-april-2023-consumer-price-index-48f0eac5

CPI Report Shows Inflation Eased in April but Remains Stubbornly High

Consumer-price index rose 4.9% from year earlier, 10th straight month of easing

By Gabriel T. Rubin

Updated May 10, 2023 11:05 am ET

Inflation is still much higher than the Fed’s target and economists are warning it may be stickier than markets are expecting. WSJ’s Dion Rabouin breaks down what the April CPI showed and what matters for markets and the economy. Photo: Andrew Harrer/Bloomberg News

Inflation eased slightly in April, the 10th straight month of cooling, but price gains remain historically high as the broader economy cools.

The consumer-price index rose 4.9% in April from a year earlier, the Labor Department said Wednesday, down slightly from March’s 5% increase. The inflation reading has eased from a recent peak of 9.1% in June 2022.

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