Inflation Slows Despite Tariff Threat (Video)

We should not presume that inflation has been completely conquered by the Trump Administration. It hasn’t, and it won’t be. Inflation does not get conquered, it merely does not get made worse by the incumbent Presidential administration.

However, until many of the ongoing macroeconomic trends change, President Trump can look forward to ongoing disinflation for the next few months at least.

That will be a clear political win for President Trump, and a clear economic win for the American consumer.

Contents

• Disinflation Continues

• DOGE And Tariffs Having Impact?

• Will This Continue?

• Inflation Not Returning (Yet)

Links And Sources

• “Personal Income and Outlays, April 2025” (BEA): https://www.bea.gov/news/2025/personal-income-and-outlays-april-2025

• “April PCE Data Confirms Disinflation”: https://newsletter.allfactsmatter.us/p/april-pce-data-unlikely-to-print

• PCEPI Headline And Core Inflation Year on Year: https://fred.stlouisfed.org/graph/?g=1G7dx

• PCEPI Headline And Core Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1E6zm

• PCEPI Energy Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1E2ns

• PCEPI Food Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1E2nB

• PCEPI Goods and Services Month on Month: https://fred.stlouisfed.org/graph/?g=1E2nM

• Personal Current Transfer Payments (Indexed): https://fred.stlouisfed.org/graph/?g=1JnQX

• Personal Consumption Expenditures Month on Month: https://fred.stlouisfed.org/graph/?g=1E6FT

• Personal Consumption Expenditures (Goods and Services) Month on Month:

  https://fred.stlouisfed.org/graph/?g=1E7gI

• Oil Price Futures (Barchart): https://tinyurl.com/ym7erp6j

• AAA National Average Gasoline Prices: https://gasprices.aaa.com/

• Gas Buddy Price Chart: https://www.gasbuddy.com/charts

• Energy and Commodity Prices YTD (Barchart): https://tinyurl.com/ycxsbn5t

• Commodity Price Indices (Barchart): https://tinyurl.com/s4efvbky

• Import Price Index: https://fred.stlouisfed.org/graph/?g=1JnU3

• “Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows”: https://archive.ph/5wpqC

• “Americans are pulling back as tariff turmoil adds to economic uncertainty”: https://archive.ph/TiNk9