Headline Inflation Slowed to 8.3% in April, But Core Inflation Keeps Rising

The consumer price index (CPI), the most widely used gauge to track inflation, dropped to 8.3% in April from a year earlier, down from 8.5% in March, a four-decade high, according to a report from the U.S. Labor Department published Wednesday. Economists had estimated an 8.1% rate for April.