Inflation Moderates in Apr. on Lower Gas, Grocery Prices
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Trump claimed last month that gasoline prices had fallen as low as $1.98 in a couple of states. On Friday, Trump voiced a similar assertion on social media, saying, "Gasoline just broke $1.98 a Gallon, lowest in years."
Retail inflation based on CPI dipped to 3.16% in April, lowest since July 2019, due to decline in food prices.