Americans got little respite from inflation in April, as prices for a range of necessities and discretionary-spending categories continued to climb at some of the fastest rates ever.
While annual measures of consumer prices cooled slightly from March—signaling a peak that economists expected—the details of a report Wednesday painted a more troubling picture, as monthly figures advanced more than forecast. Services costs accelerated, and inflation for most goods remained stubbornly high, underscoring the persistence and breadth of price pressures.
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