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U.S. Inflation Eased to 5% in March
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U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting.
The consumer-price index, a closely watched inflation gauge that measures what consumers pay for goods and services, rose 5% last month from a year earlier, down from February’s 6% increase and the smallest gain since May 2021, the Labor Department said Wednesday.
Read more on wsj.comAbout this in other media
Supplier Prices Fell in March, Adding to Signs of Moderating Inflation wsj.com /1 year ago
UK inflation rate surprises again with March figure holding above 10% cnbc.com /1 year ago
U.S. Inflation Eased to 5% in March wsj.com /1 year ago
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