In the US, the pace of price increases is slowing, but inflation remains a concern
May 15, 2024
The pace of price increases in the United States showed signs of slowing last month after a series of higher-than-expected inflation figures fuelled concerns about the world’s largest economy. The Labor Department said consumer prices rose 3.4% in the 12 months to April, compared with 3.5% in the previous month. Higher rents and petrol costs accounted for much of the rise in the cost of living.
