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US inflation rises 8.3% in April, slight drop from March's 40-yr-high
short by Ananya Goyal / on 11 May 2022,Wednesday
Retail inflation in the US rose 8.3% in April from 12 months earlier, the country's Labor Department said on Wednesday. This is however below the 8.5% y-o-y rise in March, which was the highest rate in 40 years since 1981. On a month-to-month basis, prices rose 0.3% from March to April, the smallest increase in eight months.
short by Ananya Goyal / 06:50 pm on 11 May
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