Consumer Price Index up 8.3% in April

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(WASHINGTON) — Inflation eased slightly last month, according to the latest figures released Wednesday by the Labor Department.

The Consumer Price Index rose 8.3% in April compared to the same time period last year — a drop from the 8.5% increase in March.

Month-to-month, prices were up 0.3% last month compared to March. Increases in prices for shelter, food, airline fares and new vehicles were the largest contributors to the increase, the Labor Department said.

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