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The overall inflation rate moderated in April, but credit union trade economists said the persistence of high core inflation shows the Fed has more work to do to tame prices.

The U.S. Bureau of Labor Statistics report Wednesday showed inflation for all items was 8.3% from April 2021 to April 2022, and a seasonally adjusted 0.3% from March to April — down from 0.8% in February and 1.2% in March.

Jim DuPlessis

A journalist for decades.

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