Inflation down in April

Americans were hit hard in the economic downturn and, while nothing can fully make up for the financial blows sustained then, it’s a small consolation for American families that their dollar stretched a little farther in the month of April, as the rising costs of consumer goods slowed slightly.

The Washington Examiner has the story:

Inflation slowed to a 2.2 percent annual rate in April, the Bureau of Labor Statistics reported Friday in a release of the Consumer Price Index that suggested that inflationary pressures have eased off in recent months.

Inflation was even lower than forecasters’ expectations, which it to slow for a second straight month to 2.3 percent annually.

Slow consumer price gains are good for families, as they mean that money retains its purchasing power longer.

Americans deserve a strong dollar and ballooning – not shrinking! – retirement accounts. They deserve – in the words of Vice President Mike Pence – an economy that is “off to the races” again. Click here to get involved and help Tea Party Patriots urge our lawmakers to adopt commonsense policies that will jumpstart our economy and pave the way for job growth.


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