Inflation down in April
Americans were hit hard in the economic downturn and, while nothing can fully make up for the financial blows sustained then, it’s a small consolation for American families that their dollar stretched a little farther in the month of April, as the rising costs of consumer goods slowed slightly.
Inflation slowed to a 2.2 percent annual rate in April, the Bureau of Labor Statistics reported Friday in a release of the Consumer Price Index that suggested that inflationary pressures have eased off in recent months.
Inflation was even lower than forecasters’ expectations, which it to slow for a second straight month to 2.3 percent annually.
Slow consumer price gains are good for families, as they mean that money retains its purchasing power longer.
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