in the US slowed more than expected last month, dropping to a 5 percent annual rate, the lowest inflation figure since May 2021.The Labor Department's Wednesday report on the showed that March marked the ninth straight month of declining annual inflation, from June's peak of 9.1 percent.While the downward trend marked some relief for families and businesses hard-hit by soaring prices, inflation remains well above the 's 2 percent target level.
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