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Thursday, September 19, 2024

Inflation slows to 5% in March, a nearly 2-year low, but core consumer price gains accelerate

Inflation slowed for a ninth straight month in March amid drops in both gasoline and grocery prices. But an underlying inflation measure that better reflects long-term trends accelerated on another surge in rent. Consumer prices overall increased 5% from a year earlier, down from 6% in February and a …

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