Month of April 2025
Data Release: 5.13.25

INFLATION: will likely rise over the next two months—not due to tariffs—rather the older monthly data points from 2024 fall out of the annual CPI calc in the future. It is a guess but if monthly CPI starts coming at 0.4+ in July 2025 then annual CPI will go above 3.0%. Relief is off a way: Nov, Dec and Jan

Total CPI: The annual CPI is a rolling product of 12 monthly data points. Think it as being 12 dominoes, as a new one comes on, the oldest one falls off—April 2024’s 0.3% dropped off and was replaced by April 2025 0.2% (blue bar, left axis). This caused the annual CPI to decrease from 2.4% to 2.3%. (red line, right axis).

FOOD: Annual CPI for food is 2.8% as monthly for April 2025 came it at 0.1% due to Egg prices decreasing 12.7% in ONE MONTH.

FOOD: After steadily rising to record levels, egg prices decreased in April to $5.12

Gas: Drifting down. OPEC+ over production?

Bill Knudson, Research Analyst LANDCO NEXA