US inflation dips from 4-decade high but still causing pain
WASHINGTON (AP) — Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% from 12 months earlier. That was below the 8.5% year-over-year surge in March, which was the highest rate since 1981. On…
