U.S. Inflation Slowdown in Sight

CPI registers its first sub-5% reading in two years. Core inflation has also moderated, to 5.5%.

By Matthew Boesler, Augusta Saraiva & By Reade Pickert | May 10, 2023 at 11:48 AM

Photo: A customer shops in a Kroger grocery store on July 15, 2022, in Houston. (Photo by Brandon Bell/Getty Images)

Key drivers of underlying U.S. price pressures began receding in April, suggesting the final puzzle pieces for a return to more-normal inflation rates are falling into place.

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