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US inflation slowed in April

Inflation slowed in April in the United States, at 6.3% over one year against 6.6 in March, according to the PCE index.

U.S. consumer price inflation, excluding energy and food, also slowed year on year in April, Commerce Department statistics showed.

In effect, the “core PCE” price index, the measure of inflation favored by the American central bank, posted an increase of 4.9% year on year against 5.2% in March. From one month to another, the progression is 0.3%, like the previous month.

consumer spendingwhich account for more than two-thirds of US economic activity, increased by 0.9% last month after jumping 1.4% (revised) the previous month. Economists polled by Reuters on average forecast a 0.7% rise in such spending in April.

Household incomes, for their part, rose by only 0.4% after rising 0.5% in March, while the consensus was anticipating an increase of 0.5%.


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