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Consumer prices rose 0.3% in April

Inflation eased slightly in April, providing at least some relief to consumers while remaining above levels that would suggest an interest rate cut is imminent.

The Consumer Price Index, a broad measure of the price of goods and services at checkout, rose 0.3% from March, the Labor Department’s Bureau of Labor Services reported Wednesday. This was slightly below the Dow Jones estimate of 0.4%.

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News Source : www.cnbc.com

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