This is the tenth consecutive decline. However, prices have risen by four tenths per month.
In April, year-on-year inflation in the United States fell again for the tenth consecutive month to 4.9%, one-tenth less than in March, according to data released this Wednesday by the Bureau of Labor Statistics (BLS). , in English).
However, prices have risen by four tenths per month.
The underlying index, which excludes food and energy prices, ended April up 5.5%, also one-tenth less than the previous month. Food, in turn, has become 7.7% more expensive year-on-year, while energy has reduced its price by 5.1% compared to April last year.
This data will be decisive for the Federal Reserve (Fed) to decide whether to raise interest rates further or to pause. The next meeting is on June 14.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
