Inflation in the U.S. continues to wane, bolstering hopes that the country is on track to restore price stability after years of painful price hikes. Prices rose 4.9 percent annually in April, the slowest annual rate in two years, according to the Labor Department’s Consumer Price Index (CPI) released Wednesday. Annual inflation has now fallen for 10 straight months since its peak at 9 percent in June 2022. By the numbers: Inflation slowed in April to lowest rate since 2021 The inflation index rose 0.4 percent on a month-to-month basis, right in line with analysts’ expectations. Key categories such as groceries and transportation services saw meaningful price declines. Infl
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