{"id":94459,"date":"2023-05-10T13:21:54","date_gmt":"2023-05-10T13:21:54","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2023\/05\/10\/us-inflation-below-5-for-first-time-in-two-years\/"},"modified":"2023-05-10T13:21:54","modified_gmt":"2023-05-10T13:21:54","slug":"us-inflation-below-5-for-first-time-in-two-years","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2023\/05\/10\/us-inflation-below-5-for-first-time-in-two-years\/","title":{"rendered":"US inflation below 5% for first time in two years"},"content":{"rendered":"
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Prices for milk, airline tickets and new cars fell in the US last month, helping to push inflation to its lowest level in two years. <\/b><\/p>\n<\/div>\n

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Official figures show that inflation, which is the rate at which prices are rising, was 4.9% in the 12 months to April.<\/p>\n<\/div>\n

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That’s down from March’s 5% and marks the tenth straight month that the price rise has slowed.<\/p>\n<\/div>\n

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The decline came after the US Federal Reserve steadily hiked interest rates to slow the economy.<\/p>\n<\/div>\n

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But it has been reluctant to declare victory as the prices of some items continue to rise.<\/p>\n<\/div>\n

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Housing, clothing, gas and used car prices all skyrocketed in March-April. <\/p>\n<\/div>\n

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“With US inflation below 5% for the first time in two years, markets will think the light at the end of the tunnel is getting brighter and the worst of this inflation is already in the rearview mirror,” said Richard Carter, head of Fixed Interest Research at Quilter Cheviot.<\/p>\n<\/div>\n

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\u201cNevertheless, inflation remains well above target and core inflation is proving more resilient.\u201d<\/p>\n<\/div>\n

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The Federal Reserve has hiked interest rates by five percentage points since last March, the highest level since 2007.<\/p>\n<\/div>\n

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The measures are designed to discourage people from borrowing, causing the economy to slow and relieving pressures that are pushing up prices.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Prices for milk, airline tickets and new cars fell in the US last month, helping to push inflation to its lowest level in two years. Official figures show that inflation, which is the rate at which prices are rising, was 4.9% in the 12 months to April. That’s down from March’s 5% and marks the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-94459","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\nUS inflation below 5% for first time in two years - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2023\/05\/10\/us-inflation-below-5-for-first-time-in-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US inflation below 5% for first time in two years\" \/>\n<meta property=\"og:description\" content=\"Prices for milk, airline tickets and new cars fell in the US last month, helping to push inflation to its lowest level in two years. 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