JUST IN: April’s inflation report came in below expectations for the third straight month.
— Rapid Response 47 (@RapidResponse47) May 13, 2025
Grocery prices saw their largest decline in nearly five years.
Gas prices fell for the third month in a row. pic.twitter.com/AgsyV6efkF
The consumer-price index showed inflation easing slightly to 2.3% in the 12 months through April. That marked the slowest annual rate since early 2021 and undershot expectations that it would remain at 2.4%. Investors and analysts said the report was positive, but cautioned that it was too soon to say how President Trump's trade policies would affect prices.
TRUMP ECONOMIC UPDATE: Inflation Drops to 2.3%, Lowest Since 2021, and US Treasury Records Second Biggest Surplus in History Thanks to Trump’s Record Tariff Revenues
On Tuesday, as Zero Hedge reported, we discovered why the US government borrowing need was shockingly lower than previously expected.
The latest Treasury Monthly Statement revealed that in April, the US Treasury generated a $258.4 billion surplus after last month’s $160.5 billion deficit; this the second biggest surplus on record, with just the $308 billion bumper surplus in 2021 bigger.
And this is all thanks to President Trump’s tariff policy that the Democrats, their far-left media, and pundits said would never happen.
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