Inflation fell in March despite Trump tariffs: Here's why
Headline from FOX 4 Dallas
Inflation fell to its lowest numbers since September last month, despite President Trump’s back-and-forth on tariffs and uncertainty surrounding the economy.
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Inflation fell to its lowest numbers since September last month, despite President Trump’s back-and-forth on tariffs and uncertainty surrounding the economy.
Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday, down from 2.8 percent in February. That is the lowest inflation figure since September.
March was the best month for consumer prices in nearly five years, as falling gas prices helped out household budgets despite increases for other necessities. However, the report showed data from before many of President Donald Trump's latest tariffs took effect.
U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
The cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
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Inflation fell in March despite Trump tariffs: Here's why | Since Then
