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Yes, we got a good inflation report today.

Also, yes, it was a lagging indicator gang from American public media. This is Marketplace.

I'm Kyle. Risdoll. It is Tuesday, today, May 13th.

Good as always to have you along, everybody.

We begin today's program with an asterisk.

A footnote, a brief diversion, if you will, to acknowledge and explain that the April

Consumer Price Index that came out this morning ain't really all that.

You know why, I'm sure, it doesn't capture in any meaningful way the tariff chaos that started on April the 2nd. But with that caveat

out of the way, there are a couple of points to make. First of all, inflation for the past three

months has been running at 2.1 percent, close to where J. Powell and the gang at the Fed want it to be.

Second and also, when you break the CPI down by category, some of the sectors hit hardest by tariffs saw price declines from last month, including apparel, also use cars and trucks.

Marketplace's Kristen Schwab gets us going with why consumers are paying less for some goods,

even as importers are paying more.

Businesses have been preparing for the possibility of tariffs for a long time,

since before they were announced, before President Trump took office,

even before he won the election.

Company has already front-loaded a lot of their purchases, so you're not going to see the

lift in those categories.

...