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Inflation rate rose by 2.3% in April, CPI report shows. Here's what the data means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
What the April Inflation Report Means for the Fed
The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the expectations of forecasters who closely track how the Labor Department measures inflation.
Inflation cools in April and egg prices drop to lowest mark in months - but fears remain tariffs could spike prices
April’s consumer-price index report is the first to capture the aftermath of President Donald Trump’s ‘Liberation Day’ tariff announcements on April 2
AFP on MSN9h
US inflation cooled in April as Trump rolled out tariffs
The consumer price index (CPI) eased to 2.3 percent in April from a year ago, a tick below the 2.4 percent figure recorded in March, the Labor Department said in a statement.
2026 Social Security COLA estimated at 2.4% after latest inflation report
Social Security's cost-of-living adjustment for 2026 could be 2.4%, up from last month's forecast for 2.2%, according to an independent analyst.
Gold rebounds on bargain-hunting, softer US inflation data
Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support.
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