US inflation below 5% for first time in two years

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Prices rose 4.9% over the 12 months to April, the latest figures show. …

“With inflation in the US now below 5% for the first time in two years, markets will be thinking the light at the end of the tunnel is getting brighter, and the worst of this inflation is far in the rear-view mirror,” said Richard Carter, head of fixed interest research at Quilter Cheviot.

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