Inflation cools as grocery prices drop for 1st time since 2020

ViewThe U.S. inflation rate over the last year dropped to 5% in March, according to consumer price index data released Wednesday by the Bureau of Labor Statistics.

At 5%, the U.S. inflation dropped to its lowest level since May 2021. The national inflation rate peaked last June at 9.1%. 

For the month of March, the price...