Inflation eased in April, much to the relief of consumers, who have been grappling with price pressures. The Labor Department’s Bureau of Labor Statistics reported on May 15 that the consumer price index (CPI), a key measure of how much goods and services cost, rose 0.3% month over month in April, below the consensus estimate of a rise of 0.4%.Year over year, CPI rose 3.4%, which came in line with the estimates. Core CPI, which strips out the volatile food and energy costs, rose 3.6% in April from year-ago ...