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Inflation Surged Again In April – But Could Be Slowing Down

New data from the U.S. Labor Department shows inflation continued to surge in April – but could be showing signs of slowing down.

Consumer prices were up 8.3% last month over the previous year – down slightly from 8.5% in March, which was the largest spike in 40 years.

Month-to-month, prices went up 0.3% from March to April, the smallest increase since last fall.

That gives some economists hope that inflation is slowing down – though one analyst told ABC News there’s “still a long way to go”.

 



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