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U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy

·4 min read
U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy
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Consumer prices rose sharply again in March and drove the rate of inflation to the highest level in nearly 13 years, signaling greater stress on the economy as businesses grapple with supply shortages that are raising the cost of many goods and services.