Monthly inflation ticks up slightly in April as tariffs kick in

While cooled to 2.3% compared to last year, many remain in limbo as consumers wait to feel the full impact of President Donald Trump's tariffs.

While cooled to 2.3% compared to last year, many remain in limbo as consumers wait to feel the full impact of President Donald Trump's tariffs.

This is *** mixed report. After falling in last month's data, we know that inflation went up 0.2% year over year it's up 2.3%, which is about where it was last month. According to the Bureau of Labor Statistics, rising rent, natural gas, and electricity offset decreases in gas, groceries, used vehicles, and clothing. Prices across the board are in limbo as consumers. To feel the full impact of President Trump's tariffs. And while the Trump administration works out *** trade deal with China, agreeing to *** 90 day truce, many companies are likely using that time to stockpile on goods, bringing in an influx of trade and buying, but minimal relief when it comes to inflation. It takes so long for orders to be placed to be put on *** ship to make it across the ocean. Uh, and then to make it to their destinations in the United States. It takes *** long time to plan for those things. 90 days, uh, of uncertainty about what will happen next is not *** lot of confidence for, uh, importers. And the economists who we spoke with say that tariffs impact more than just prices. In the short term, he says it could prevent many companies from hiring more and broadening their operations. In Washington, I'm Amy Lo.

Monthly inflation ticks up slightly in April as tariffs kick in

While cooled to 2.3% compared to last year, many remain in limbo as consumers wait to feel the full impact of President Donald Trump's tariffs.

Monthly inflation picked up slightly in April as the first signs of President Donald Trump's tariffs take effect.According to the Bureau of Labor Statistics, inflation increased 0.2% from March to April while prices went up 2.3% on an annual basis, showing a slight decline from last month. Economists expect the numbers to climb in the coming months as Trump's tariffs become more visible in the coming months.According to May's Consumer Price Index (CPI), rising costs in rent, natural gas, and electricity offset decreases in gas, groceries, used vehicles, and clothing. Prices remain uncertain as consumers wait for the full impact of the tariffs. Currently, the Trump administration is negotiating a trade deal with China, agreeing to a 90-day truce. During that, many companies are likely stockpiling on goods, leading to increased trade and purchasing but offering minimal relief for inflation."It takes so long for orders to be placed, to be put on a ship, to make it across the ocean and then to make it to their destinations. In the United States, it takes a long time to plan for those things," Adam Hersh from the Economic Policy Institute said. "Ninety days of uncertainty about what will happen next is not a lot of confidence for importers."Economists believe the tariffs affect more than just prices, potentially preventing companies from hiring and expanding their operations in the short term. Trump has instructed Republican leaders in the House and Senate to consider the revenue generated by tariffs as they plan to find ways of offsetting nearly $5 trillion in tax cuts. But planning ahead is proving difficult as Trump shuffles between different tariff rates.Republicans on Capitol Hill will begin hearings Tuesday to outline their plans for what Trump has called "one big beautiful bill," which aims to cut taxes and social programs while increasing spending on fossil fuel production, the military, and border security.

WASHINGTON —

Monthly inflation picked up slightly in April as the first signs of President Donald Trump's tariffs take effect.

According to the Bureau of Labor Statistics, inflation increased 0.2% from March to April while prices went up 2.3% on an annual basis, showing a slight decline from last month. Economists expect the numbers to climb in the coming months as Trump's tariffs become more visible in the coming months.

According to (CPI), rising costs in rent, natural gas, and electricity offset decreases in gas, groceries, used vehicles, and clothing.

Prices remain uncertain as consumers wait for the full impact of the tariffs.

Currently, the Trump administration is negotiating a trade deal with China, agreeing to a . During that, many companies are likely stockpiling on goods, leading to increased trade and purchasing but offering minimal relief for inflation.

"It takes so long for orders to be placed, to be put on a ship, to make it across the ocean and then to make it to their destinations. In the United States, it takes a long time to plan for those things," from the Economic Policy Institute said. "Ninety days of uncertainty about what will happen next is not a lot of confidence for importers."

Economists believe the tariffs affect more than just prices, potentially preventing companies from hiring and expanding their operations in the short term.

Trump has instructed Republican leaders in the House and Senate to consider the revenue generated by tariffs as they plan to find ways of offsetting nearly $5 trillion in tax cuts. But planning ahead is proving difficult as Trump shuffles between different tariff rates.

Republicans on Capitol Hill will begin hearings Tuesday to outline their plans for what Trump has called "one big beautiful bill," which aims to cut taxes and social programs while increasing spending on fossil fuel production, the military, and border security.

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