CPI: US consumer inflation cools in April; retail sales flat
In the 12 months through April, the CPI increased 3.4% after climbing 3.5% in March. Economists polled by Reuters had forecast the CPI gaining 0.4% on the month and 3.4% year-on-year. The annual increase in consumer prices has dropped from a peak of 9.1% in June 2022, though progress has stalled.