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US CPI Rises 2.3%: Lowest Since February 2021

5/16/2025

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Summary

Story summary

The U.S. Consumer Price Index (CPI) rose 2.3% year-over-year in April, marking the lowest increase since February 2021.
Energy prices increased by 0.7%, while gasoline prices saw a significant decline of 11.8% year-over-year.
Tariffs have yet to significantly impact inflation, but rising costs may soon affect consumer prices.
The Federal Reserve is expected to keep interest rates steady in response to these inflation trends.

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Story summary

The U.S. Consumer Price Index (CPI) rose 2.3% year-over-year in April, marking the lowest increase since February 2021.
Energy prices increased by 0.7%, while gasoline prices saw a significant decline of 11.8% year-over-year.
Tariffs have yet to significantly impact inflation, but rising costs may soon affect consumer prices.
The Federal Reserve is expected to keep interest rates steady in response to these inflation trends.