Measure of inflation that is closely tracked by the Federal Reserve increased in April 

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FRANCISCO SANTANA buys groceries at the Walmart Supercenter in North Bergen, N.J. A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. / ASSOCIATED PRESS FILE PHOTO
WASHINGTON (AP) – A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.  The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. That was much higher than the 0.1% rise the previous month.…

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