Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021

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Source: CNBC

Published Tue, May 13 2025 8:31 AM EDT | Updated 9 Min Ago


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, 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.



The monthly readings were a bit higher than in March though price increases remain well off their highs of three years ago

Read more: https://www.cnbc.com/2025/05/13/cpi-inflation-april-2025.html

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8:31 AM · May 13, 2025

Article updated.

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Annual inflation rate hit 2.3% in April, less than expected

Published Tue, May 13 2025 8:31 AM EDT | Updated 1 Min Ago


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 0.2% for the month, putting the 12-month inflation rate at 2.3%, the Bureau of Labor Statistics said. The monthly reading was in line with the Dow Jones consensus estimate and slightly below the annual forecast for 2.4%.

Excluding volatile food and energy prices, 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.

This is breaking news. Please refresh for updates.

Original article -

Published Tue, May 13 2025 8:31 AM EDT


The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate, according to the Dow Jones consensus estimate.

This is breaking news. Please refresh for updates.