Americans likely saw little relief from inflation in April
May 10, 2023
WASHINGTON (AP) — After steadily declining for nearly a year, consumer price data to be released Wednesday will likely show that U.S. inflation remained stubbornly high in April, a sign that it might be entering a newer, stickier phase.
Consumer prices are forecast to have risen 0.4% from March to April, much faster than the 0.1% increase the previous month, according to a survey of economists by the data provider FactSet.
Compared with a year earlier, prices are projected to have jumped 5% in April, the same year-over-year increase as in March. If that forecast proves accurate, it would...
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