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US wholesale inflation remained fairly tame in April
The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US producers dropped 0.5% in April from the month before, a much softer reading than economists expected, while inflation slowed on an annual basis to 2.4%, from 2.9% in March, according to Bureau of Labor Statistics data.
Inflation slowed in April but tariffs are likely to increase prices soon, according to economists
Prices rose more slowly in April, marking another month of cooling inflation. Consumer prices rose just 0.2% from March, and they are up 2.3% from a year ago. That's the lowest annual increase since February 2021.
Spending at US retailers slowed sharply last month to 0.1%, a sharp decline from last month’s revised 1.7% monthly surge in sales after shoppers rushed to beat President Donald Trump’s stiff tariffs ...
Inflation was relatively mild in April, but economists said tariffs will end a recent lull and push up more prices in the ...
Trump's sweeping tariffs are economically damaging, raising costs for consumers and businesses, and risk triggering a global ...
Inflation is getting closer to the Federal Reserve's 2% target.
Consumer prices climbed at the slowest pace since February 2021 last month, as the inflationary effects of President Donald ...
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, ...
Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and ...
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Inflation rose less than expected in April, as prices rose 2.3% over the year, down from 2.4% in March. Prices for gas and ...
Inflation eased to a four-year low in April as the nascent impact of President Donald Trump ’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy.
The U.S. collected $7.6 billion more in customs duties in April than it did in March, the Treasury said Monday, as revenue ...
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