US annual inflation cooled slightly in April

(Trends Wide) — US annual inflation continued its slow but steady slowdown in April, according to the latest Consumer Price Index released on Wednesday.

The CPI rose 4.9% for the 12 months ending in April, according to the Bureau of Labor Statistics, representing a slightly slower pace of increase than the 5% in March.

This figure is below economists’ expectations for the number to remain unchanged.

It is the tenth consecutive month that the general CPI rate has slowed down.

News in development.