US annual CPI inflation falls to 8.3% in April versus 8.1% expected

The annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the latest release from the Bureau of Labour Statistics on Wednesday. That was above the expected decline to 8.1% YoY. The MoM pace of headline inflation fell to 0.3% in April from 1.2% in March, also above the expected drop to 0.2%.