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 ...

Consumer prices rose 0.4 percent in April to hit an annual increase of 4.9 percent, according to inflation data released Wednesday by the Labor Department. That’s the lowest annual inflation ...

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.

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%.