The annual inflation rate was lower than experts expected in April, coming in at 2.3%, its lowest point since February 2021.
The Labor Department on Tuesday reported that the consumer price index rose a seasonally adjusted 0.2% in April, according to CNBC. While April’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 “Liberation Day” tariffs went into effect. The White House celebrated the news in a post on X, crediting the “TRUMP EFFECT.”
“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…
