KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.


Inflation Rises in April, but Expect White House to Take Victory Lap

INFLATION word on calculator in idea for FED consider interest rate hike, world economics and inflation control, US dollar inflation

Photo: Khanchit Khirisutchalual / iStock / Getty Images

Inflation, despite what you are likely to hear from the White House, remains a problem.

The April numbers show that prices rose 0.3% in April, only slightly lower than the 0.4% that was predicted. The year over year number was 3.4% for April, which is down from 3.5% in March.

The Federal Reserve, which has stated it wants inflation at 2%, has raised interest rates to their highest levels in decades. But it's been too little, too late for some observers.

"The Fed is using a water pistol to put out a fiscal fire," financial planner Richard Rosso told Houston's Morning News, adding that they were "late to the game."

The Fed meets again on June 11th.

In the meantime, the White House doubled down on a lie Joe Biden told about inflation last week during an interview on CNN.

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