Inflation in the U.S. has slowed for the tenth month in a row, according to government figures released today.
But prices are still rising faster than policymakers would like despite more than a year of interest rate increases.
The consumer price index – which measures the cost of goods and services – shows that April inflation rose 4.9 percent from the same month last year. It was the lowest increase in two years.
Kate Fisher reports from Washington.
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