inflation, April
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The father of a five-year-old girl who was murdered in 2012 has died suddenly at the age of 55, his family has said. Paul Jones was diagnosed with a brain disease in 2018, six years after the death of his daughter April Jones. April was abducted from near her home in Machynlleth, Powys, and murdered by paedophile Mark Bridger.
Global sales of electric and plug-in hybrid vehicles rose 29% year-on-year in April, with stable growth in China and Europe despite trade tensions, while North America recorded the first fall since last September,
Inflation is getting closer to the Federal Reserve's 2% target.
Inflation was relatively mild in April, but economists said tariffs will end a recent lull and push up more prices in the coming months. The consumer-price index rose a seasonally adjusted 0.2% in April,
The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.
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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.
1don MSN
US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
The April jobs report may reveal a mixed picture. Some industries have maintained hiring plans despite tariffs while others are scaling back.
Broken down by category, some of the sectors most impacted by tariffs saw a price decline from last month, including apparel and used cars and trucks.