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In April, inflation was slightly lower than expected as President Donald TrumpOn Tuesday, according to a labor department report, the US economy began to hit the US economy.
This Consumer price indexMeasuring the cost of a large number of goods and services, by 2.3% of inflation rate, 2.3% since 2021, the lowest level, the Bureau of Labor Statistics. The monthly reading was compatible with the Dow Jones consensus estimates, the 12-month forecast was a little more than 2.4%.
With the exception of variable food and energy prices, COI increased by 0.2% over the month, increased by 2.8% more than a year. The forecast was 0.3% and 2.8%, respectively.
Monthly readings were slightly higher than March, although the price increase remains well in heights three years ago.
The markets reacted slightly to the news that are futures that are of futures pointing to the treasury productivity.
Shelter prices were the main culprit in pushing inflation. The category, which is a third of the weight of the index, increased by 0.3% in April, according to BLS.
After sending 2.4% slide in March, energy prices retreated with 0.7% profit. The meal saw a decrease of 0.1%.
The price of used vehicles was a second flat enemy, 0.5%, and new vehicles were plain. Hidden costs are 0.2%, even if the medical services increase by 0.5%. Medical insurance increased by 0.4%, car insurance increased by 0.6%.
Egg prices fall 12.7%, even if they increase 49.3% a year ago.
Although the CPI figures are relatively neat, Trump tariffs remains a wild card in the form of inflation, depending on where the talks are now and the summer.
In the long-awaited “Freedom Day” announcement, Trump failed 10% to all US imports and said they intend to put tariffs for trade partners. Recently, Trump, most dramatically developed, with the most dramatic development, staying in aggressive tariffs in 90 days, said the two sides entered additional negotiations.
Markets expect the president’s softening position to cause low interest rate decrease this year. Traders waited to start the federal reserve easier in June, with at least three total decrease in this year.
Since China’s developments, Sunday charged until September until September, this year feels less pressure to support the Central Bank and inflation has been inflation for more than four years
The Fed relies on inflation size for the policy of the index, which is more than the inflation size of the trade department. On Thursday, Bls will be read on April to produce more visible than the leading indicator in inflation.