In the latest consumer price index report, inflation remained steady at 3.4% year-over-year in April, showing a slight decrease from the previous month. However, the shelter component of the CPI saw a notable increase, rising to 5.5% in April. This data indicates ongoing concerns about rising housing costs in the current economic climate.

Key points from the report include:
– Consumer prices up 3.4% from a year earlier
– Decrease from 3.5% in March
– Shelter component of CPI at 5.5% in April
– Data highlights ongoing concerns about rising housing costs

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