American inflation was slightly cooled in April in what economists warn could be a final lull before a likely increase in consumer prices from the President Trump trade war.
The better than expected report is welcome from the news for the Trump administration and the federal reserve, which tried to put inflation to its 2% objective from the pandemic. But decision -makers and economists do not expect the suspected to last, providing that prices are starting to speed up in the coming months when import taxes are starting to bite.
The consumer price index increased by 2.3% compared to the previous year, the slowest annual rate since the start of 2021, the data published by the Bureau of Labor Statistics showed on Tuesday. During the month, prices increased by 0.2%, an acceleration compared to the 0.1% drop in March.
A closely observed measurement of underlying inflation, which removes volatile foods and energy elements, climbed by 2.8% compared to the same period last year, in accordance with the increase in March over the year. On a monthly basis, prices increased by 0.2%, slightly exceeding the increase in the previous month by 0.1%.
Egg prices dropped by almost 13% in April, which contributed to reducing food -related costs by 0.1% for the month. The gas prices also fell 0.1%. The used prices of cars and trucks dropped by 0.5%, while the prices of new vehicles were stable. Aerial declines dropped 2.8%, extending a decrease of 5.3% in March.
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