U.S. inflation rate slows to 6.3%, Fed-favored PCE gauge shows, in a sign that price pressures could be peaking

The most important indicator for U.S. inflation rose just 0.2 percent in April

which was the smallest rise in the past one and half years thanks to lower prices for gasoline.

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There were other signs that the increase within U.S. inflation might be slowing down.

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The rise in the so-called Personal Consumption Price Index

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also known as PCE was the smallest since November of 2020.

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Furthermore The rate of inflation in the past year has slowed down to 6.3 percentage in April

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down from a high of 6.6 percent in the previous month.

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This was the first decrease within a year and half.

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A more narrow measure of inflation that excludes volatile energy and food prices

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