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Market Update

Finally, Some Hopeful Signs on Inflation

CPI is still running hot, but evidence grows that the peak has passed.

The latest inflation report may fail to qualify as good news, but at the very least, it was a sign that things may be improving. 

The Consumer Price Index rose 0.3% in April, the Labor Department reported. That was roughly in line with economists’ forecasts and down substantially from the 1.2% jump recorded in March. At the same time, the annual rate of inflation retreated slightly to 8.3% in April from 8.5% in March.