Making America Affordable Again! Core Inflation Drops to a Four-Year-Low

By The Blog Source

According to fresh data released by Breitbart on Friday, inflation decreased, reaching its lowest yearly rate for the past four years, providing Americans who have been struggling with high prices for most of the past few years with a rare reprieve. The Federal Reserve's favored inflation indicator, the personal consumption expenditures (PCE) index, grew by just 0.1% last month, according to statistics from the Commerce Department.

Following a flat reading in March, the little monthly gain suggests a minor slowing in the expansion of consumer prices. Prices are now 2.1% higher than they were a year ago, which is less than the 2.3% annual increase that was recorded in March. This number represents the closest inflation has come recently to hitting the Fed's 2% target.

In April, core inflation—which does not include the volatile prices of food and energy—also increased by 0.1%. Core prices increased 2.5% on an annual basis, which was lower than prior readings and the lowest increase since March 2021.

Even though these figures might provide some short-term hope, prices have remained high overall since President Joe Biden took office in January 2021. Although the long-term impacts of ongoing price increases continue to strain household budgets, personal income increased in April as well, indicating that Americans are still earning more money even as inflation slows down.

Although it is unclear if the cooling trend is robust and long-lasting enough to lead to interest rate decreases later this year, the Fed is likely to view this data as a positive step.

To join the Diamond and Silk Monthly Supporter Program, visit http://SupportDiamondandSilk.com.
Lindell TV, VOCL, ChatDit, Rumble, TruthSocial, and Diamond and Silk Media are all excellent ways to stay connected with Diamond and Silk.