News Digest: US inflation remains near 40-year high despite marginal decline

May 27, 2022

News Digest:

The US consumer price index (CPI) rose by 0.3% in April, down from 1.2% in March, registering its first decline since August 2021, official data showed.



The CPI’s annualised rate of growth in April came in at 8.3%, down from 8.5% a month ago, but still close to a 40-year high.



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