The recent Consumer Price Index data for April shows a welcome moderation in overall inflation, cooling to its slowest annual rate since early 2021. Despite that, many families continue to feel the pinch at the grocery store and dining out. In April, consumer prices rose 0.2 percent from the previous month, slowing the annual inflation rate from 2.4 to 2.3 percent. The data from the Bureau of Labor Statistics was surprising as many expected ongoing trade disputes and tariffs to push prices higher.
