After Media Claimed Trump Was ‘Turbocharging’ Price Hikes, Inflation Hits 4-Year Low The Consumer Price Index (CPI) report released Tuesday revealed that inflation rose just 2.3 percent year-over-year in April — the lowest annual increase since February 2021, when the Biden administration was in office. According to economist for the Heritage Foundation E.J. Antoni, food prices in April declined for the first time since November of 2020 — “the last time Trump was president.” Core inflation, which excludes the more volatile categories of food and energy, “remained stable at 2.8% year-over-year,” according to Wall Street Pit. In short, inflation is cooling and the sky has not fallen. But if you’ve spent the last few weeks consuming the propaganda press’ coverage, you may have been expecting a financial collapse. For those immune to the doom and gloom headlines from the propagandists masquerading as journalist, April’s CPI report was unsurprising. For everyone else — particularly avid consumers of the left wing media’s economic doom casting, the report should be something of a wake-up call.