US inflation slows to 4.9% in April – Kommersant
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Inflation in the US in April amounted to 4.9% in annual terms. This is the lowest figure since April 2022. Such data today, May 10, presented US Department of Labor. Thus, inflation in the US is slowing down for the tenth month in a row: in March it was 5%, and its peak indicators (9.1%) occurred in June last year.
First of all, energy prices dropped significantly in April — by 5.1% in annual terms. At the same time, the rise in prices for some categories of goods and services remained significant. Thus, prices for transport increased by 11%, for eating out by 8.6%, for food – by 7.1%.
“Today’s data confirms that the Fed’s campaign to curb inflation (by raising the key rate.— “b”) works, although slower than we would like. But for financial markets… today’s inflation figures are exceptionally positive,” Quincy Crosby, director of global strategy at brokerage LPL Financial, commented on these data.
About whether the key rate in the US will continue to grow, read the material “The Fed touched the ceiling”.
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