inflation, Consumer prices
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April’s consumer-price index report is the first to capture the aftermath of President Donald Trump’s ‘Liberation Day’ tariff announcements on April 2
The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the expectations of forecasters who closely track how the Labor Department measures inflation.
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AFP on MSNUS inflation cooled in April as Trump rolled out tariffsThe consumer price index (CPI) eased to 2.3 percent in April from a year ago, a tick below the 2.4 percent figure recorded in March, the Labor Department said in a statement.
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department.
Egg prices dropped 12.7% in April as avian flu impact wanes, while coffee prices increased due to climate challenges in Brazil and Vietnam.