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Date
Summary
CNN’s Egan on Wholesale Inflation Easing: Second Day in a Row ‘We’re Getting. Some Encouraging News on the Cost of Living’ (clip)
Subjects
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
CNN News Central
Name: CNN News Central
URL: https://www.cnn.com/
Persons
Jessica Dean
, Matt Egan
Name: Jessica Dean
Employment: CNN
Position: Anchor
Name: Matt Egan
Employment: CNN
Position: Reporter
Event
Event location
–
Link
–
Original recording
Uploaded
04/11/2025 10:36 am
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Type
Audio
Format
MP3
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Duration
0:00:37
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Transcript
Dean Breaking moments ago ░░░░░░░░ data shows wholesale prices ░░░░░░░░ this month Matt Egan ░░░░░░░░ joining us now to ░░░░░░░░ of walk us through ░░░░░░░░ new information So what ░░░░░░░░ we finding out EGAN ░░░░░░░░ Jessica this is the ░░░░░░░░ day in a row ░░░░░░░░ re getting some encouraging ░░░░░░░░ on the cost of ░░░░░░░░ The one catch and ░░░░░░░░ is a big one ░░░░░░░░ that it does not ░░░░░░░░ capture the impact of ░░░░░░░░ trade war right This ░░░░░░░░ measuring prices in March ░░░░░░░░ the full impact of ░░░░░░░░ of the tariff increases ░░░░░░░░ me run you through ░░░░░░░░ numbers first So we ░░░░░░░░ talking about the Producer ░░░░░░░░ Index This is wholesale ░░░░░░░░ before it gets to ░░░░░░░░ of us as consumers ░░░░░░░░ we were expecting an ░░░░░░░░ in prices month over ░░░░░░░░ We did not get ░░░░░░░░ We got a drop ░░░░░░░░ prices Look at this ░░░░░░░░ 4 That is much ░░░░░░░░ than anticipated The annual ░░░░░░░░ we were anticipating around ░░░░░░░░ 3 We did not ░░░░░░░░ that We got a ░░░░░░░░ lower number 2 7 ░░░░░░░░ is a deceleration When ░░░░░░░░ look at the trend ░░░░░░░░ can see that things ░░░░░░░░ certainly improved from a ░░░░░░░░ years ago when it ░░░░░░░░ to inflation This metric ░░░░░░░░ is not up right ░░░░░░░░ but this metric was ░░░░░░░░ 11 12 percent Dean ░░░░░░░░ want you to do ░░░░░░░░ from memory EGAN So ░░░░░░░░ was really really high ░░░░░░░░ has come down significantly ░░░░░░░░ why was this number ░░░░░░░░ than expected There are ░░░░░░░░ few factors One of ░░░░░░░░ is energy right We ░░░░░░░░ seen oil prices plunge ░░░░░░░░ has lowered the cost ░░░░░░░░ energy when you think ░░░░░░░░ gasoline and diesel So ░░░░░░░░ s one of the ░░░░░░░░ Of course energy is ░░░░░░░░ only getting cheaper for ░░░░░░░░ reasons Some of that ░░░░░░░░ recession fears The other ░░░░░░░░ factor here was egg ░░░░░░░░ And I know that ░░░░░░░░ something that everyone is ░░░░░░░░ very closely And we ░░░░░░░░ see some good news ░░░░░░░░ eggs Egg prices they ░░░░░░░░ month over month by ░░░░░░░░ at the wholesale level ░░░░░░░░ is very encouraging That ░░░░░░░░ a very big improvement ░░░░░░░░ the month before However ░░░░░░░░ re still looking at ░░░░░░░░ increases on an annual ░░░░░░░░ 165 And we learned ░░░░░░░░ that the cost of ░░░░░░░░ in the supermarket for ░░░░░░░░ is still at all ░░░░░░░░ highs.”
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