The U.S. Consumer Price Index (CPI) rose by 0.2% in April, bringing the annual inflation rate down to 2.3%, the slowest pace in over four years. This deceleration occurred even as new tariffs were introduced, suggesting that their full impact on consumer prices has yet to materialize.
Core inflation, which excludes volatile food and energy prices, also increased by 0.2% month-over-month and held steady at 2.8% year-over-year. Notably, prices for food and apparel declined, while shelter costs continued to rise.
Economists caution that the recent tariff measures, including increased duties on Chinese imports, may exert upward pressure on prices in the coming months. The Federal Reserve has maintained its current interest rates, adopting a cautious approach amid these uncertainties.
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