The inflation rate fell below 4% in the Northeast for the first time in almost two years, according to Bureau of Labor Statistics data published Wednesday. In New York City, the annual pace dropped to 3.7% in April from 4.6% in the previous month.
Although inflation showed signs of moderation across the country, consumer price growth remains robust in the South and mountain states.
(Bloomberg) — The inflation rate fell below 4% in the Northeast for the first time in almost two years, according to Bureau of Labor Statistics data published Wednesday.
In New York City, the annual pace dropped to 3.7% in April from 4.6% in the previous month. Although inflation showed signs of moderation across the country, consumer price growth remains robust in the South and mountain states.
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