US Annual Inflation Rate Hits 2.3% in April, Lower Than Expected
- The Labor Department reported on Tuesday that US consumer prices rose 2.3% year-over-year in April, the smallest increase in over four years.
- This slowdown in inflation follows several months of cooling mainly due to declines in travel costs and grocery prices, despite some tariffs taking effect recently.
- Core prices excluding food and energy rose 2.8% annually with monthly gains of 0.2%, while some companies like Mattel and Stanley Black & Decker raised prices to offset import duties.
- Economists note average tariffs currently near 18%, the highest in 90 years, may raise prices by 1.7%, costing the average household about $2,800 in 2025 according to Yale Budget Lab.
- Despite lower inflation in April, analysts and business owners expect prices to rise in coming months as tariff effects and policy changes gradually influence the economy.
278 Articles
278 Articles
OH STUFF IT: AP Desperately Tries to Shut Down Hype Over Good Inflation News for Trump
The Associated Press is feverishly trying to stoke doom and gloom on the heels of a welcome inflation report showing prices increasing less than expected. This, of course, is after the decrepit outlet spent the past four years attempting to put lipstick on the morbidly obese pig of President Joe Biden’s atrocious economy. “Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last,” read the ridiculous spi…
Hard Numbers: US inflation falls, Mexico candidate gunned down, Oz Liberals choose woman leader, Germany bans the Kingdom
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Inflation Rises Far Less Than Forecast, Defying Predictions on Impact of Tariffs From 'Experts'
Economists had predicted higher inflation, but data shows prices remained flat or declined in key areas. Key Facts: The Consumer Price Index rose 0.2% in April, less than the 0.3% expected. Year-over-year inflation hit 2.3%, the lowest since February 2021. Core inflation rose 0.2% in April and is up 2.8% annually. Gas, eggs, toys, and used cars saw price declines in April. Trump’s tariffs went into effect April 2, yet prices remained stable. Th…
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