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US inflation eased last month in the first slowdown of 2024

By CHRISTOPHER RUGABER, AP Economics Writer
Published: May 15, 2024, 7:47am

WASHINGTON (AP) — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.

Consumer prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4%

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