By Andrew Moran
The U.S. annual inflation rate eased to its lowest level in more than four years, even as President Donald Trump’s tariffs started stretching throughout the U.S. economy.
According to the Bureau of Labor Statistics (BLS), the annual inflation rate declined to 2.3 percent in April, from 2.4 percent in March. This represented the third consecutive monthly slowdown.
This came in below economists’ expectations of 2.4 percent.
On a monthly basis, the consumer price index (CPI) rose by 0.2 percent.
Core inflation, which removes the volatile energy and food components, was unchanged at 2.8 percent.
The core CPI was in line with the consensus forecast.
