US inflation slows in April after seven months of gains

A person works at a stall selling fruit and vegetables in Manhattan, New York City, U.S., March 28, 2022
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US inflation slowed in April after seven months of steady gains, according to new Labor Department figures.

Consumer prices were up 8.3% last month compared to 12 months earlier – below the 8.5% year-on-year surge seen in March, which was the highest rate since 1981.