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nflation ticks up again in April, puts interest rate hikes back on the table
Consumers see used car prices rise in April for the first time in months
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By Nora Colomer Sponsored by Credible - which is majority owned by Fox Corporation. Credible is solely responsible for the services it provides.
Used car prices surged in April for the first time in months, according to the Bureau of Labor Statistics (BLS). (iStock)
The debate over if the Federal Reserve is finally done with its interest rate increases continues after April’s inflation showed an uptick over the previous month.
The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).
On a monthly basis, inflation rose 0.4% in April after increasing by 0.1% the month before
https://www.foxbusiness.com/personal-finance/inflation-rises-april-2023