Economy News: The first quarter saw a shrinking economy and rising prices. But it wasn't stagflation.

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Details: Written by Bing News Search Results; Category: Economic News Reports; Published: 30 April 2025; Created: 30 April 2025; Last Updated: 30 April 2025

The latest GDP report shows the economy shrank during the first quarter — for the first time since the pandemic shutdown. And prices went up by 3.5% over the same period, according to the personal consumption expenditure price index, compared to 2.4% during the prior quarter. That kinda sounds like stagflation, right?
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Posted: 2025-04-30 01:16:00

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