US EditionUS Annual Inflation Rate Hits 2.3% in April, Lower Than Expected
- The US annual inflation rate rose 2.3% in April 2025, marking the smallest increase in over four years as reported by the Labor Department in Washington.
- The slowdown in inflation came after several months of increasing tariffs introduced by President Donald Trump, including a 10% broad tariff implemented on April 5, as well as 25% duties on steel, aluminum, and certain products originating from Canada and Mexico.
- Despite the tariffs, consumer prices rose modestly by 0.2% from March to April, with grocery prices falling 0.4% aided by a 12.7% drop in egg prices, while some companies like Mattel and Procter & Gamble announced plans to raise prices to offset tariff costs.
- Economists forecast tariffs will modestly slow growth and worsen inflation, estimating tariffs will raise prices about 1.7%, costing the average household around $2,800 annually, while Federal Reserve Chair Jerome Powell acknowledged these duties increase inflation and unemployment risks.
- This data suggests early tariff impacts on consumer prices remain limited, but rising inflation pressures may become clearer later, potentially pushing the annual rate above 3% during summer, affecting economic growth and Federal Reserve policy decisions.
161 Articles
161 Articles
Trump tariffs have little impact on prices so far, defying grim forecasts
Prices climbed at an unexpectedly slow pace last month, offering a boost to President Donald Trump, whose aggressive trade policies have sparked fears of a resurgence in inflation. The Labor Department on Tuesday reported that prices rose at an annual rate of 2.3 percent, the smallest increase since early 2021. While price growth in so-called core sectors of the economy — which exclude volatile food and energy costs — remained elevated at 2.8 pe…
'Positive Momentum': Inflation Hit a Four-Year Low in April. Here's What It Means for Interest Rate Cuts.
Annual inflation hit 2.3% in April, a four-year low, according to the latest CPI report. Here's what EY and Avantax experts say the data reveals about rate cuts.
NEW: Inflation Cools In April, Crushing Dems' Trump Narrative
The nation’s inflation cooled in April, undercutting a central argument by Democrats that President Donald Trump’s frenetic tariffs would rock the economy and raise prices for Americans. Year-over-year inflation fell to 2.3% in April, below the 2.4% expected by economists and also lower than the March rate. Analysts interpreted the results as good news primarily because it wasn’t bad news, especially given the volatility with which President Tru…
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Inflation rose in April, reversing March decline
(The Hill) -- Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3 percent over the past year, according to the Labor Department. The annual inflation rate without volatile food or energy prices was 2.8 percent. Prices fell 0.1 percent in March, though the annual inflation rate was slightly higher at 2.4 pe…
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