After a hot start to 2024, inflation cooled back down in April, providing a bit of hope for Americans worn down by elevated prices.
Consumer prices were up 3.4% for the 12 months ended in April, easing from 3.5% the month before, according to the latest Consumer Price Index report released Wednesday by the Bureau of Labor Statistics.
This compares with the 9.1% annual inflation rate in June 2022.
