Inflation was slightly lower than expected in April as President Donald Trump’s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.
The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation rate at 2.3%, its lowest since February 2021, the Bureau of Labor Statistics said. The monthly reading was in line with the Dow Jones consensus estimate while the 12-month was a bit below the forecast for 2.4%.
Excluding volatile food and energy prices, the core CPI also increased 0.2% for the month, while the year-over-year level was 2.8%. The forecast was for 0.3% and 2.8%, respectively.
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Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
- by: Jeff Cox
- 05.13.25
- Source:
CNBC
- 05/13/2025
Food Aisle on Supermarket by Fikri Rasyid is licensed under Unsplash unsplash.com
Food Aisle on Supermarket by Fikri Rasyid is licensed under Unsplash unsplash.com
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