April, Inflation and tariffs
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German inflation eased further to 2.2% in April, the federal statistics office said on Wednesday, confirming preliminary data.
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.
Inflation rose less than expected in April, as prices rose 2.3% over the year, down from 2.4% in March. Prices for gas and groceries fell, but housing and eating at restaurants got more expensive. Inflation was slightly milder than forecasters had expected, before consumers faced the full brunt of President Donald Trump's import taxes.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Canadians road tripping to the US declined even more in April, according to government data.The number of Canadian residents visiting the US by plane also declined, the data suggested.Canadians have been avoiding US travel in response to Trump's policies on tariffs and annexation.
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Core inflation — which strips out energy and food prices, which can be volatile categories — was at 2.8% in April. "I think tariffs are the biggest question mark over the infl
India's wholesale inflation in April slowed to 0.85% year-on-year from 2.05% in March, government data showed on Wednesday.