The Financial Post reports in its Wednesday edition that inflation cooled for the third straight month in April even after some of U.S. President Donald Trump's tariffs took effect, though economists and many businesses expect inflation will climb in the coming months. An Associated Press dispatch to the Post reports that consumer prices rose 2.3 per cent in April from a year ago, the Labor Department said Tuesday, down from 2.4 per cent in March and the smallest increase in more than four years. On a monthly basis, prices rose modestly, increasing 0.2 per cent from March to April after falling 0.1 per cent the previous month. Grocery prices dipped 0.4 per cent, pulled down in part by a 12.7-per-cent fall in the price of eggs. Only some early tariffs imposed by Mr. Trump were in effect in April, including 25-per-cent duties on steel and aluminum and 25 per cent on some imports from Canada and Mexico. Stanley Black & Decker said it raised prices in April and plans to do so again in the July-September quarter because of higher tariffs. Procter & Gamble, which makes household name brands such as Crest toothpaste and Tide detergent, said it will likely have to pass on higher prices to consumers as soon as July.