OAN’s&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 12:09 PM – Wednesday, May 14, 2024 Inflation eased in April, cooling to a four-year low, according to the Labor Department. The annual Consumer Price Index now stands at 2.3%, the lowest since February 2021. Month-to-month, inflation increased slightly by 0.2%. Prices for everyday items like eggs, gas, and airfare have dropped, and some grocery prices are also coming down. The market rallied on the news of both inflation and progress with China’s tariffs. However, many small businesses remain cautious. Eddie Ghabour, co-founder and CEO of Key Advisors Wealth Management, joins Alicia Summers to discuss whether this cooling inflation is here to stay. <figure class="wp-block-video"><video autoplay="" controls="" muted="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/cb38b5d9-1407-4458-a118-2ba9cf44f36c/mp4/72b0189d-ec40-4b84-bbf0-012d84b9ba0d_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

Inflation eased in April, cooling to a four-year low, according to the Labor Department. The annual Consumer Price Index now stands at 2.3%, the lowest since February 2021.{ai:summary}Inflation in April fell to a four-year low of 2.3%, according to the Labor Department, with a slight monthly increase of 0.2%. Prices for essential items like eggs, gas, and airfare have decreased, contributing to a market rally amid easing tariff concerns with China.Despite the positive trends, small businesses remain cautious about the sustainability of this cooling inflation. #economy

April Inflation Report: Tariffs Didn't Hit As Hard, Inflation Hits 4-Year Low

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