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Prices for goods fell in the U.S. in April, defying predictions that tariffs on Chinese imports and metals would squeeze the bank accounts of U.S. households.
Compared with a year earlier, prices of goods were 0.5 percent lower, according to the government’s personal consumption price index. This was the fifth consecutive month of year-over-year deflation.
Prices - Goods - Metals - Tariffs - Basis
Prices of durable goods, which are thought to be those most likely to be affected by metals tariffs, are down even more. On a 12-month basis, these are down 1.8 percent. They have been down on an annual basis every month since at least September.
On a one-month basis, durable goods prices fell 0.4 percent, the third consecutive monthly decline.
Goods - Percent - Year
Nondurable goods ticked up slightly, by 0.2 percent compared with a year ago. This was the...
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