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Inflation Eased Slightly in April, According to Fed’s Preferred Measure
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Inflation decelerated slightly in April, measured by the Federal Reserve’s preferred gauge, though it remained near its fastest pace since 1982.
Consumer prices rose 6.3% in April from a year earlier, down from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures price index, which it reported Friday. The March rise was the fastest since January 1982. April’s reading was the first time the measure eased since late 2020.
Read more on wsj.comAbout this in other media
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