US inflation slowed to its lowest charge in additional than 4 years, an surprising and welcome improvement at a time when President Donald Trump’s dramatically escalated tariffs are anticipated to trigger costs to rise.
Consumer costs rose 0.2% final month, bringing the annual inflation charge to 2.3%, an unexpectedly cooler studying than the two.4% improve seen in March, based on the newest Consumer Price Index knowledge launched Tuesday by the Bureau of Labor Statistics.
It’s the bottom annual charge since February 2021, and the April knowledge was barely higher than anticipated. Economists anticipated that the CPI would rise 0.3% from March and maintain regular at 2.4% for the 12 months ended in April, based on FactSet. #CNN #News
