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Inflation stays above 3% in April


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MSN News

May 15 2024

Prices rose 3.4% year-over-year in April, according to the latest Consumer Price Index report. It’s slightly lower than March, but still above the 2% target.

This is a breaking news update. NewsNation’s original story is below.

ST. PETERSBURG, Fla. (NewsNation) — From the grocery store to the gas station, budgets are getting tighter across America as the inflation cooldown in 2023 appears to have stalled in 2024.

The new Consumer Price Index report for April will be released Wednesday, which many analysts believe could come in hotter than expected — even though inflation has fallen since its peak of 9.1 percent in June of 2022.

If the number accelerated from March, Americans could see the Federal Reserve delay some of those rate cuts people have been hoping for.

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