Inflation eased after Trump's 'Liberation Day' tariffs, defying fears
Headline from ABC 7 San Francisco
Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge.
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Alicia Wallace, CNN (CNN) — US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise. Consumer prices rose 0.
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3 percent over the past year, according to the Labor Department.
Inflation rose slightly less than expected in April despite the arrival of President Donald Trump's sweeping international tariffs early in the month, according to a Bureau of Labor Statistics report on Tuesday.
WASHINGTON (AP) — Inflation may have picked up slightly last month as President Donald Trump's widespread tariffs kicked in, a trend economists expect will
While annual inflation cooled to 2.3% compared to last year, many consumers remain in limbo waiting to feel the full impact of President Donald Trump's tariffs.
