Mitchell Hartman
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But according to the Yale Budget Lab, President Trump's new Section 122 tariffs ratchet that back up, at least for the next 150 days, to 13.7%.
I'm Mitchell Hartman for Marketplace.
Curbing inflation doesn't make things cheaper, but a few things are cheaper.
Inflation is moderating.
Last week we saw the consumer price index going up 2.4% in a year versus 2.7% as calculated a month earlier.
So prices are still going up and we often figure nothing ever actually goes down in price.
An exception is gasoline, down 7.5% in a year.
Not by a lot.
Twenty cents a gallon on average, but enough to buy yourself a king-sized bag of peanut M&Ms on a typical fill-up.
Marketplace's Mitchell Hartman has more.
I saw one calculation that televisions are 99.4 percent lower in 2026 compared to the inflation adjusted price in 1950.
That's not the trend for college tuition, health care services or housing or child care.
Better stop there.
Now, the goal can be to stick a soft landing, calm prices down without falling into a pit.
David Kelly is chief global strategist at J.P.
Morgan Funds.
He says that he's gone through all the data and concludes things are nicely balanced out for now.
What was Winston Churchill's warning about governing something about events, dear boy, events?
We don't know what's going to happen tomorrow, but barring something bad, right?
We have a new approach now to the affordable housing crisis.