Inflation eased to 4-year low
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The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.
It's normal for some prices to rise at a much faster pace than overall inflation, said Omar Sharif, founder and president of research firm Inflation Insights. The impact, he added, depends on the role such items play in a given person's finances.
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U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs.
The escalating economic and geopolitical confrontation between the US and China in 2025 reflects a deeper clash of strategic resolve and systemic resilience