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US Annual Inflation Rate Hits 2.3% in April, Lower Than Expected

  • The U.S. Annual inflation rate rose 2.3% in April 2025, down from 2.4% in March, marking the smallest increase in over four years.
  • This cooling trend followed a 0.1% price drop in February and March, partly due to tariffs imposed by the Trump administration affecting some sectors.
  • April saw modest monthly price increases overall, with grocery prices falling 0.4% driven by a 12.7% drop in egg prices, while furniture costs rose 1.5%.
  • Average tariffs reached about 18%, the highest in roughly 90 years, with companies like Mattel and Stanley Black & Decker raising prices to offset tariffs.
  • Economists expect inflation to rise in coming months as tariff impacts materialize, placing the Federal Reserve in a challenging position amid trade uncertainties.
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The Loadstar broke the news in on Monday, May 12, 2025.
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