00:00Ooh, I just know they hated reporting on this, especially after all the fear-mongering they've been doing about Uncle
00:05Trump.
00:06Wallet, U.S. inflation showing, slowing I should say, to its lowest rate in more than four years.
00:13That according to April's Consumer Price Index report.
00:16It's an unexpected and very welcome development that's defying economists' expectations amid President Trump's ongoing trade war.
00:24Let's go live right now to CNN Business and Politics correspondent Vanessa Yurkiewicz,
00:28who's watching all of this in New York.
00:30Vanessa, walk us through this morning's report.
00:32Where do things stand?
00:34Encouraging signs, Wolf.
00:35Inflation continuing to move in the right direction, cooling on an annual basis to 2.3 percent.
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