Consumer prices climbed 4.9% in April — the first time annual inflation has landed below 5% in two years. On a monthly basis, the inflation rate rose 0.4%, which was higher than the 0.1% in March.

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, climbed 4.4 percent in April, a slight increase from March.

Inflation stayed elevated in April but eased off its 40-year high, signaling that a stomach-churning surge in consumer prices since last summer may have peaked. The consumer price index increased ...

The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.

Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans. The Labor Department ...

Inflation cooled slightly in April, with consumer prices rising at a 4.9% annual pace, marking the first time since June 2021 that the rate has dropped below 5%.

Inflation cooled for the first time in months in April, even as supply chain constraints, the war in Ukraine and strong consumer demand continued to keep consumers prices running near a 40-year-high.

Inflation ticked up in April after a slowdown the month before, but the annual pace of inflation eased unexpectedly, a breather before tariffs are likely to push consumer prices higher, economists ...

April’s core inflation measure — the change in the price of goods and services not including food and energy — was 0.6 percent, compared to 0.3 percent in March.

US inflation saw some moderation in April. The Consumer Price Index increased 3.4% year over year in April, just below March's rise of 3.5%. The 3.4% matched what economists expected for April.

Most of April’s inflation derived either from reopening sectors, or from temporary supply constraints in the used-car market. So, don’t expect the Federal Reserve to raise interest rates any ...

The April inflation reading is down significantly from its 9.1% pandemic-era peak in 2022, which was the highest level since 1981. However, it remains above policymakers' long-term target, around 2%.