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Marketplace All-in-One

Prices went up in April, but inflation still cooled

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 15 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

The consumer price index is up 3.4% in a year, and — setting aside volatile food and fuels costs — the CPI increase over 12 months was the lowest in three years. For people fervently hoping interest rates will go down sooner rather than later, this is good news. But can there be too much slowing? We dig in. Plus, we’ll hear how the economy of Necoclí, Colombia, has shifted to serve migrants stopping there.

The next $50,000 in donations to Marketplace will be matched, thanks to a generous gift from Dr. Joe Rush of Florida. Give now and double your impact.

Transcript

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0:00.0

My name is Lee Hawkins. I've been a journalist for over 25 years. On my new

0:08.8

podcast, What Happened in Alabama, I get answers to some of the hardest questions about how things

0:15.4

came to be for many black Americans and the truth that must come before any reconciliation can

0:21.6

happen. I investigate my family history, my upbringing in

0:26.2

Minnesota and my father's painful nightmares about growing up in Alabama. What happened

0:32.1

in Alabama is a new series confronting the cycles of trauma for myself,

0:37.0

my family, and for many black Americans.

0:40.0

Listen now. We need you now. One generous marketplace fan, Dr. Joe Rush, from Florida, is offering to match the next $50,000 in donations to marketplace.

1:01.0

And every single gift gets us closer to a critically important May fundraising

1:05.8

goal. Give right now and double your impact. Thanks to this generous match. Go to Marketplace

1:11.3

org. Donate. Go to Marketplace.org slash donate.

1:14.0

Prices still went up in April, but inflation did cool, more than expected.

1:21.0

We can now tell you the consumer price index is up 3.4% in a year, and

1:27.4

setting aside volatile food and fuel costs, the consumer price index increase over 12 months was the lowest in three years.

1:35.0

For people fervently hoping for interest rates to go down sooner rather than later,

1:39.0

this is good news, pulling the 10-year interest rate down to 4.37% lowest in a month. But can there be too much

1:47.3

slowing? Let's bring in Jared Dillion, an author and founder of Jared Dillion Money, a personal finance site.

1:53.4

Welcome.

1:54.4

Thanks for having me.

1:55.4

Consumer inflation, little tamer than the experts had forecast.

1:59.8

I mean, price is still going up, I suppose.

2:02.2

What do you make of this? I think people expected a much more

...

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