The inflation surge that dogged consumers over the last three years has abated. But new consumer-price data from the Bureau of Labor Statistics (BLS) is likely to negate President Donald Trump’s ongoing assertion that there is “no inflation” in the U.S. economy. For the period covering the past 12 months, analysts forecast an increase of 2.3% — hardly evidence for the absence of inflation, though it would represent a slight decline from the 2.4% pace seen in March. It is true that, on a monthly basis, average price growth was negative in March. For April, analysts have forecast a monthly increase of 0.2%. Those rates ... (full story)