May 2025: TRUMP PRESIDENCY Tariffmageddon Canceled - Inflation Cooler Than Expected Smallest Annual Increase Since Feb 2021 Energy Prices Down Nearly 4% Groceries See Biggest Drop Since 1980s… Eggs Plummet 12.7%!

Tariffmageddon Canceled  - Inflation Cooler Than Expected Smallest Annual Increase Since Feb 2021 Energy Prices Down Nearly 4% Groceries See Biggest Drop Since 1980s… Eggs Plummet 12.7%!
"U.S. inflation edged up in April, less than forecast, defying predictions that tariffs would push prices up at a faster rate.
The consumer price index rose 0.2 compared with the previous month, the Department of Labor said Tuesday. Economists had forecast a 0.3 percent increase following a 0.1 percent decline in March.

The April CPI report is the first since President Donald Trump announced tariff hikes on April 2’s Liberation Day. Some higher tariffs on China, however, have been in effect since February. Many economists had been expecting tariffs would push up consumer prices in April but the report indicates this has not happened.
Energy prices, including energy services, are down 3.7 percent compared with a year ago despite climbing 0.7 percent in April. Energy commodities are down 11.7 percent and declined another 0.2 percent in April. Gasoline prices have declined 0.1 percent in April.
New car prices, which were expected to be hit by tariffs, were flat for the month.
Egg prices, which have been closely watched as a politically potent symbol of inflation, fell 12.7 percent in April, the biggest decline since 1984.
Services inflation accelerated in April, rising 0.3 percent after March’s 0.1 percent increase. Shelter prices rose 0.3 percent, including a 0.4 percent increase in rents and the same increase in a measure called owners’ equivalent of rent, which is intended to capture the cost of homeownership. Compared with a year ago, rent is up four percent and owners’ equivalent of rent is up 4.3 percent.
This suggests that the source of inflation in the economy is not tariffs but domestic demand for U.S. housing and services continuing to rise faster than supply." 

Breitbart