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.
Takeaway:
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.