Inflation Moderated Slightly In April

“An important measure of consumer prices showed that inflation slowed in April, but remained close to a four-decade high,” the New York Times reports.

“The Personal Consumption Expenditures price index rose 0.2% last month from March and was up 6.3% from a year earlier… That is down from a 6.6% annual increase in March, which represented the fastest pace of inflation since 1982.”