WASHINGTON– According to data from the Joe Biden administration, inflation decreased slightly in the United States in April, reportedly marking its first “annual slowdown” since January.
The annual consumer price index (CPI) reached 3.4% in April, 0.1 percentage points less than in March, the Department of Labor reported. This figure coincides with the average forecasts of economists surveyed by Dow Jones Newswires and The Wall Street Journal.
According to that Department’s report, food and automobile prices fell. So far, consumers have not seen this decline anywhere, quite the opposite.
Consumer prices rose 0.3% from March to April, the Labor Department reported Wednesday, down slightly from 0.4% the previous month.
Measured year-on-year, inflation fell from 3.5% to 3.4%. And a measure of core inflation, which excludes volatile food and energy prices, fell to its lowest level in three years.
According to the government report, price increases eased in hotel services, health care and auto repair. Nor are American customers seeing these declines.
Official data against reality
Independent economists differ from the figures provided by the Biden government on inflation, which correspond to what consumers have suffered for three years.
Inflation has been high in the first three months of this year, having presumably fallen steadily in the second half of 2023, an argument that experts and most Americans do not agree with.
The high figures destroyed hopes that the worst streak of inflation in four decades was being brought under control.
Joe Biden’s economic measures unleashed historic inflation in the US that has caused the financial suffocation of American families for three years, when one of the great promises of the tenant of the White House was to defend the middle class, extremely impacted by economic policies current in Washington.
Since the beginning of 2023, the major left-wing media outlets and experts affiliated with the Biden administration have publicly pressured the Federal Reserve to begin lowering the reference interest rate to benefit the president’s election campaign.
Biden is behind Trump in all national polls with a margin of difference that has increased in the last two months between 6% and 12% in key states. Even the polls of the major networks CNN, NBC, and news agencies such as the Associated Press (AP), openly opposed to the former president, show disastrous figures for Biden.
And price increases slowed in some service industries, such as hotels, health care and auto repair, which had kept inflation high.
Source: With information from AP and AFP.
