Inflation is at its lowest level in nearly two years, but Americans aren’t feeling much better.
New figures released Wednesday show that inflation eased sharply in March, with prices inching up 0.1 percent from a month earlier and 5 percent from a year ago. But another key measure that strips out food and energy prices came in hotter, rising 5.6 percent year-over-year.
Although inflation has slowly cooled from last summer’s highs, price pressures continue to feel like an uphill battle for consumers, politicians and policymakers alike. Many say recent strides have been too spotty to offer much relief, even as annual price growth has slowed from 9.1 percent to 5 percent.
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