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Inflation isn’t slowing — it’s just stalled at more than twice what it should be

By Tiana Lowe Doescher
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Inflation isn’t slowing — it’s just stalled at more than twice what it should be

While headline consumer price inflation indeed dropped from 5% to 4.9% on an annual basis from March to April, that’s about the only good news in the latest CPI report released by the Bureau of Labor Statistics.

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Federal Reserve Inflation Jerome Powell Joe Biden