Trump, Inflation and tariffs
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inflation, April
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Social Security checks could increase by 2.4% next year based on Tuesday's consumer inflation report, according to estimates by an independent analyst. Overall consumer prices increased 2.
President Donald Trump has notched the first 100 days of his second term, putting a spotlight on how inflation and other key issues have fared under his first few months in office.
While Federal Reserve Chair Jerome Powell says "the underlying inflation picture is good," tariffs could change all that.
Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.
Egg prices declined in April for the first time in months, per the April consumer price index, as efforts to boost supplies via imports have helped mitigate a bird flu outbreak.
Read Less Inflation, as measured by the Consumer Prices Index (CPI), stood at 2.6% in the year to March – down from 2.8% in the year to February and from 3% in January. The Bank of England’s ...
You may see some price increases from tariffs in your shopping, but you won't see them in Wednesday's official report on inflation in April, forecasters say.