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BumRushDaShow (152,202 posts) Tue May 13, 2025, 08:33 AMAnnual inflation rate hit 2.3% in April, less than expected and lowest since 2021Source: CNBCPublished Tue, May 13 2025 8:31 AM EDT | Updated 9 Min AgoInflation was slightly lower than expected in April as President Donald Trump’s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation rate at 2.3%, its lowest since February 2021, the Bureau of Labor Statistics said. The monthly reading was in line with the Dow Jones consensus estimate while the 12-month was a bit below the forecast for 2.4%.Excluding volatile food and energy prices, core CPI also increased 0.2% for the month, while the year-over-year level was 2.8%. The forecast was for 0.3% and 2.8% respectively.
gab13by13 (28,045 posts)1. Are these the real numbers?Reply to BumRushDaShow (Original post)Tue May 13, 2025, 08:43 AMSorry but like the boy who cried wolf, after time, people just won't believe you.
You mean like redefining what a recession is under demented Joe.
It get worse! JP Morgan has called off their scheduled Trump-Recession, . https://hotair.com/david-strom/2025/05/13/jp-morgan-the-recession-has-been-called-off-n3802721
Rather than acknowledge any success on the part of the Trump administration, Democrats are taking their ballgag and going home.