Inflation has fallen to the lowest level in more than four years as April’s Consumer Price Index smashes expectations for the third straight month in President Donald J. Trump’s Golden Age.
Here’s what you need to know:
- Grocery prices saw their largest decline in nearly five years.
- Gas prices fell for the third month in a row.
- Egg prices saw the largest one-month decline in more than four decades.
- Workers’ real wages are up 1.9%, increasing each of the last three months.
- Prices for airfare, energy, hotels, and used vehicles are all down compared to last year.
Here’s what they’re saying:
- Bloomberg’s Augusta Saraiva: “US inflation rose by less than forecast in April amid tame prices for clothing and new cars, suggesting little urgency so far by companies to pass along the cost of higher tariffs to consumers.”
- Investopedia Editor-in-Chief Caleb Silver: “The smoke was much worse than the fire … A big part of that was the drop in gasoline prices. This is very significant for households … That drop in gasoline and energy prices — a big deal.”
- Fox Business Network’s Maria Bartiromo: “Oil is down, eggs are down, food is down. We’re seeing that reflected, so all that hysteria over tariffs is not showing up in these numbers.”
- USA TODAY: Inflation eased to 4-year low in April as Trump’s tariffs took effect, CPI report shows
- “Prices for groceries, including eggs, used cars and airfares all fell sharply.”
- Bloomberg: US Consumer Prices Rose Less Than Expected in April
- “The pace is the slowest since the sprinsg of 2021 when inflation broke out in earnest.”
- “Grocery prices were down 0.4% on the month, and eggs fell 12.7%, the most since 1984, validating some of President Donald Trump’s messaging.”
- NBC News: April consumer price index report shows inflation dropped to slowest pace since 2021