Inflation in the United States slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.Consumer prices jumped 8.3 percent last month from 12 months earlier, the US Department of Labor said Wednesday. That was below the 8.5 percent year-over-year surge in March, which was the highest rate since 1981.On a month-to-month basis, prices rose 0.3 percent from March to April, a still-elevated rate but the smallest increase in eight months. Consumer prices had spiked 1.2 percent from February to March, mostly because of a sudden jump in petrol or gas prices triggered by Russia’s invasion of Ukraine.
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