<p>The annual inflation rate was lower than experts expected in April, coming in at 2.3%, its lowest point since February 2021.</p>
<p>The Labor Department on Tuesday reported that the consumer price index rose a seasonally adjusted 0.2% in April, according to <a href="https://www.cnbc.com/2025/05/13/cpi-inflation-april-2025.html" target="_blank" rel="noopener">CNBC</a>. While April&#8217;s 0.2% increase from the same month last year was a jump from the 0.1% year-over-year drop in March, the 2.3% inflation rate was just below the forecast of 2.4%, giving President Donald Trump some good economic news shortly after his &#8220;Liberation Day&#8221; tariffs went into effect. The White House <a href="https://x.com/RapidResponse47/status/1922282764780355920" target="_blank" rel="noopener">celebrated</a> the news in a post on X, crediting the &#8220;TRUMP EFFECT.&#8221;</p>
<p>&#8220;For the last several years, hardworking families have faced an affordability crisis. Finally, with @POTUS at the helm, Americans are breathing a sigh of relief — every dollar is going further and workers are able to keep more of their hard-earned paychecks!&#8221; Labor Secretary Lori Chavez-DeRemer <a href="https://x.com/SecretaryLCD/status/1922287250882109733" target="_blank" rel="noopener">added</a>.</p>
<p>Food prices saw a slight decline of 0.1% from March to April, with the cost of eggs falling 12.7%. Used car prices were also down in April, while month-over-month energy prices increased 0.7%, shelter costs rose 0.3%, and new car prices remained the same, according to the consumer price index <a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank" rel="noopener">report</a>. The year-over-year index for energy was down 3.7%, gasoline dropped 11.8% over the past 12 months, and the fuel oil index saw a 9.6% decline over that period. The index for electricity was up 3.6% over the last 12 months, and the natural gas index rose 15.7%, the report added.</p>
<p>The report comes as President Trump makes progress on a trade deal with China, providing some tariff relief. The Trump administration <a href="https://www.dailywire.com/news/u-s-china-release-details-of-agreement-to-dramatically-slash-tariffs" target="_blank" rel="noopener">announced</a> on Monday that it agreed to slash its reciprocal tariff on China to 10% for 90 days while the 20% fentanyl tariff remains in place. In return, China also dropped its retaliatory tariff on U.S. goods to 10%. Those reductions are set to go into effect on Wednesday as the two countries seek to continue negotiations.</p>
<p>Last week, Trump also struck a deal with the United Kingdom, giving the United States more access to the British economy and maintaining the tariff on U.K. imports at 10%. In return, the United Kingdom will be allowed to export up to 100,000 vehicles to the United States for a 10% tariff, a reduction of Trump&#8217;s 25% tariff on foreign auto imports.</p>
<p>Some economic experts predict that the brunt of Trump&#8217;s tariffs will not reflect in economic data until the summer, according to <a href="https://www.nytimes.com/2025/05/13/business/inflation-prices-tariffs.html" target="_blank" rel="noopener">The New York Times</a> and The <a href="https://www.wsj.com/economy/trade/cpi-inflation-april-2025-interest-rate-8febd2d2?mod=WSJ_home_mediumtopper_pos_1" target="_blank" rel="noopener">Wall Street Journal</a>.</p>

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Inflation Hits Lowest Point In Over 4 Years As April Report Better Than Expected

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U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

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Inflation Hits Lowest Point In Over 4 Years As April Report Better Than Expected