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US inflation below 5% for first time in two years

1970-01-01 00:00
Prices rose 4.9% over the 12 months to April, the latest figures show.
US inflation below 5% for first time in two years

Prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years.

Inflation, the pace at which prices rise, was 4.9% over the 12 months to April, official figures show.

That was down from 5% in March, and marks the tenth month...