Photo: A customer shops in a Kroger grocery store on July 15, 2022, in Houston. (Photo by Brandon Bell/Getty Images) A customer shops in a Kroger grocery store on July 15, 2022, in Houston. (Photo by Brandon Bell/Getty Images)

Key drivers of underlying U.S. price pressures began receding in April, suggesting the final puzzle pieces for a return to more-normal inflation rates are falling into place.

Rent increases were smaller than over the past year, on average, and services prices excluding housing and energy—a category the Federal Reserve is watching closely—posted the smallest advance since last summer, according to a Bureau of Labor Statistics (BLS) report Wednesday.

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