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U.S. Inflation Hits 2.4%, Lowest Since 2021

4/10/2025

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Summary

Story summary

U.S. inflation decreased to 2.4% in March, the lowest since September 2021, down from 2.8% in February.
Monthly prices fell by 0.1%, the first decline since May 2020, primarily due to lower energy costs.
Core inflation, excluding food and energy, rose 0.1% to 2.8%, the lowest in almost four years.
Economists caution that President Trump's tariffs could trigger future price hikes, jeopardizing recent progress.

History

Historical Context

U.S. inflation dropped to 2.4% in March 2023, the lowest since September 2021. This decline mirrors the post-1970s inflationary period, where aggressive Federal Reserve actions curbed persistent inflation. Historical parallels highlight the ongoing battle against inflation, shaped by past economic policies and global events.

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Story summary

U.S. inflation decreased to 2.4% in March, the lowest since September 2021, down from 2.8% in February.
Monthly prices fell by 0.1%, the first decline since May 2020, primarily due to lower energy costs.
Core inflation, excluding food and energy, rose 0.1% to 2.8%, the lowest in almost four years.
Economists caution that President Trump's tariffs could trigger future price hikes, jeopardizing recent progress.

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