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Inflation increases slightly in April as energy prices remain low
Inflation increases slightly in April as energy prices remain low

Inflation increased slightly in April as energy prices remained low and costs for groceries, clothing and airfares declined, the Labor Department said Friday. The consumer price index rose 0.1%, in line with economists' forecasts, boosted by a big jump in medical costs. It was the third straight monthly increase for the index after three months of declining prices, indicating that inflation is stabilizing. But April's figure was down from the 0.2% increases recorded in each of the previous two months. And for the 12-month period through April 30, consumer prices declined 0.2%. The decrease was driven by a steep drop in energy prices, which fell 19.4% in the same period. ...

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