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levvvelcom| Inflation cools across the country, but prices jump in four major metropolitan areas, including New York and San Francisco

Special topicLevvvelcomUs April CPI shows inflation cooling boosts expectations of interest rate cuts in September

Although in April, the United States as a wholeLevvvelcomConsumer prices rose more slowly, but inflation in four important metropolitan areas rose to their highest level in a year or more.

According to data released by the U.S. Bureau of Labor Statistics on Wednesday, CPI in the Philadelphia area rose 4 percent in April from a year earlier.Levvvelcom.1, up 4% in St. Louis, 3% in New York and San FranciscoLevvvelcom.8%, the above figures are higher than the national average.

The factors driving price increases in these metropolitan areas are different, but overall, energy and housing costs are the main reasons for consumer price increases in New York, San Francisco and Philadelphia.

levvvelcom| Inflation cools across the country, but prices jump in four major metropolitan areas, including New York and San Francisco

Consumer prices in Detroit also accelerated in April, suggesting that inflation is accelerating in the largest cities of Michigan and Pennsylvania, two swing states crucial to the 2024 presidential election. voters' feelings about the economy and the cost of living are playing an important role in this election.

Food and beverages also contributed to rising inflation in New York and St. Louis, while San Francisco saw a jump in clothing prices.

Phoenix, the largest city in the swing state of Arizona, used to be an inflation hotspot, with the lowest year-on-year increase of 2.6% among the cities that released April inflation data.

Overall, US CPI growth slowed slightly to 3.4 per cent in April from a year earlier. The core inflation indicator, which excludes food and energy, also fell, a small step in the right direction for Fed officials seeking to cut interest rates this year.

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