No Tariff Pain (Yet) In April’s Price Report (Video)

Year on year consumer price inflation declined for the third straight month in a row.

The inflation report is not without a few warning signs, however. Core inflation barely dropped year on year, indicating that inflationary pressures still lurk within the US economy.

Intriguingly, a closer inspection of the data shows no clear indication the Liberation Day tariffs drove inflation even in the categories where there was consumer price inflation.

What was your experience with inflation like in April? Did you see prices fall, rise, or stay the same? Leave a comment below or drop one in chat and let me know!

Contents:

• Energy Price Deflation?

• Food Price Deflation

• Core Inflation Rising

• What Tariffs?

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Links And Sources

• Consumer Price Index Summary (BLS): https://archive.ph/n8qi2

• Consumer Price Index Energy — Percent Change Year on Year: https://fred.stlouisfed.org/graph/?g=1I0hm

• Consumer Price Index Energy — Percent Change Month On Month: https://fred.stlouisfed.org/graph/?g=1DG8p

• Oil Price Futures — April: https://tinyurl.com/yvuxss8r

• RBOB Gasoline Futures — April: https://tinyurl.com/34avwfst

• US Regular All Formulations Gas/Diesel Prices: https://fred.stlouisfed.org/graph/?g=1J1s4

• GasBuddy Price Charts: https://www.gasbuddy.com/charts

• Consumer Price Index Electricity/Piped Gas — Percent Change Month on Month: https://fred.stlouisfed.org/graph/?g=1J1tH

• Natural Gas Futures: https://tinyurl.com/4dpud5h2

• Consumer Price Index Food — Percent Change Year on Year: https://fred.stlouisfed.org/graph/?g=1I0jb

• Consumer Price Index Food — Percent Change Month on Month: https://fred.stlouisfed.org/graph/?g=1DCyZ

• Average Price (Eggs) — Change Month on Month: https://fred.stlouisfed.org/graph/?g=1HZEk

• Average Price (Milk) — Change Month on Month: https://fred.stlouisfed.org/graph/?g=1HZG7

• Average Price (Lettuce) — Change Month on Month: https://fred.stlouisfed.org/graph/?g=1HZFZ

• Average Price (Chicken) — Change Month on Month: https://fred.stlouisfed.org/graph/?g=1HZEW

• Average Price (Beef) — Change Month on Month: https://fred.stlouisfed.org/graph/?g=1HZET

• Consumer Price Index Shelter — Percent Change Year on Year: https://fred.stlouisfed.org/graph/?g=1J1xc

• Consumer Price Index Shelter — Percent Change Month on Month: https://fred.stlouisfed.org/graph/?g=1DG99

• Zillow Observed Rent Index — Change Month on Month: https://www.zillow.com/research/data/

• Consumer Price Index Durable Goods — Percent Change Month On Month: https://fred.stlouisfed.org/graph/?g=1DE3D

• Consumer Price Index Nondurable Goods — Percent Change Month On Month: https://fred.stlouisfed.org/graph/?g=1DE3u

• Consumer Price Index Services — Percent Change Month On Month: https://fred.stlouisfed.org/graph/?g=1DGa1

• “Inflation Rising”: https://newsletter.allfactsmatter.us/p/inflation-rising-dec?open=false#§supply-chain-squeeze

• “Deal Or No Deal”: https://newsletter.allfactsmatter.us/p/deal-or-no-deal?open=false#§update-am-cdt-may

• “Jerome Powell’s Great Shrug”: https://newsletter.allfactsmatter.us/p/jerome-powells-great-shrug