Wait,… wha? Prices were supposed to skyrocket, so said the experts, pundits, Wall Street analysts and all the ‘talking heads.’ Alas, the Bureau of Labor and Statistics (BLS) releases the April consumer price index [
SEE HERE] and, shocker, prices on the critical consumer goods that matter most are dropping.
The rate of inflation dropped to a four-year low in April. Overall consumer prices increased 2.3% from a year earlier, down from 2.4% rise in March. However, inside the number’s things get better. Prices for groceries, food at home including eggs, used cars and gasoline all fell.