Inflation moderates slightly, but prices remain high

Shopper in grocery store.
(Image credit: David Paul Morris/Bloomberg via Getty Images)

Annual inflation fell slightly to 8.3 percent in April — down from an 8.5 percent annual rate in March — though upward price pressures continue, The Wall Street Journal reports Wednesday, per the U.S. Labor Department.

On a monthly basis, the consumer price index rose 0.3 percent from March to April. But the core-price index, which excludes volatile food and energy categories, "increased 0.6 percent on the month, a sharp pickup from March's 0.3 percent gain, providing a sign of broad-based inflationary pressure," the Journal writes.

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