United StatesMěiguó美国first quarteryī jìdù一季度GDP (gross domestic product)GDPGDPto grow / growthzēngzhǎng增长2 percentbǎifēnzhī èr2%，inflationtōngzhàng通胀however / butquè却sharply / steeplyjíjù急剧to climb / to surgepānshēng攀升to / up tozhì至4.5 percentbǎifēnzhī sì diǎn wǔ4.5%。
May 4, 2026 at 11:20 AM
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BusinessUS Economy Grows 2 Percent in Q1 2026 But Inflation Surges to 4.5 Percent
US Commerce Department data showed real GDP grew at a 2 percent annualized rate in Q1 2026, but the inflation indicator for the same period surged to 4.5 percent.
The US Department of Commerce released data on April 30th showing that the first quarter 2026 actual GDP annualized growth rate is 2%. This represents a significant rebound from the previous quarter's 0.5%, though it is still slightly below analyst expectations of 2.2%. Business equipment and software investment reached an annualized growth rate of 10.4%, marking the highest level since mid-2023, primarily driven by AI-related investments. However, inflation pressure has risen significantly. The Federal Reserve's preferred inflation indicator PCE surged sharply from 2.9% in the last quarter of last year to 4.5%. Economists point out that tariffs passed on to consumers, Middle East conflicts, rising energy prices, and supply-side disruptions are the primary drivers accelerating inflation. Consumer spending growth slowed from 1.9% last quarter to 1.6%, reflecting the pressure of high inflation on household consumption.
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