Inflation slowed in April. Is the worst is over?

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Inflation slows: Is the worst part over?

Inflation stayed elevated in April but eased off its 40-year high, signaling that a stomach-churning surge in consumer prices since last summer may have peaked.

The consumer price index increased 8.3% annually, down from 8.5% in March, as a short-lived drop in gasoline prices offset a continuing run-up in food, rent and other costs, the Labor Department said Wednesday. March’s yearly advance marked the fastest since December 1981.

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