WASHINGTON – The annual increase in U.S. consumer prices slowed to below 5 percent in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month. Nevertheless, inflation remains too strong, with the report from the Labor Department on Wednesday showing monthly consumer prices rising solidly because of sticky rents as well as rebounds in the costs of gasoline and used motor vehicles.

https://business.inquirer.net/400344/us-annual-inflation-slows-to-below-5-price-pressures-still-strong

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