US prices stay high, showing inflation pressures persist

Consumer prices in the United States continued to rise in April, with indications that inflationary pressures remain elevated, suggesting a slow and uneven path towards a decline in inflation.

According to the government’s report on Wednesday, prices increased by 0.4% from March to April, a significant jump compared to the 0.1% increase from February to March, the Associated Press reports.

On a year-over-year basis, prices rose by 4.9%, slightly lower than the increase observed in March. This represents the smallest annual increase in two years.

"US prices stay high, showing inflation pressures persist"
READ MORE: https://apnews.com/article/inflation-prices-economy-interest-rates-recession-8de81ae4cf70ef3357af830c624ceb7d

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