Inflation dropped slightly in April, yet it's still close to a 40-year high, with consumer prices rising at an annual rate of 8.3%. Rising costs for housing, food, airfares and new cars were the ...

The rise in inflation comes after a continuous fall in the consumer price index (CPI) for nine months. It was in decline ...

Staffing shortages have forced the U.S. federal government to scale back the price checks it uses to calculate the inflation rate. Economists are warning that could lead to less accurate ...