U.S. inflation slowed last month for the first time since November 2020, a Labor Department report Wednesday showed. 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. Core inflation, which excludes seasonally volatile food and energy prices, rose 0.6% from March levels, doubling from the prior month's rate and faster than the 0.4% clip that economists had forecast. Bitcoin (BTC) ... (full story)