Inflation eased to 4-year low
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Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.
The latest consumer-price index is expected to show prices rose 2.4% in the 12 months through April, the same rate as a month earlier. Check out below how inflation has tracked in recent years:
U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.
Americans saw some relief on inflation last month, though the trade war will likely push prices of everyday goods higher in the coming months. The consumer price index climbed 2.3% year over year in April,
CPI shows the 2% inflation target nearing, hinting at possible Fed rate cuts. Explore key market reactions and what this means for your investments.
US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report
You may see some price increases from tariffs in your shopping, but you won't see them in Wednesday's official report on inflation in April, forecasters say.
Chief executives of firms in the U.S. manufacturing and services sectors raised their expectations for what inflation would be over the next 12 months in Q2 2025, according to the latest Cleveland Fed's Survey of Firms' Inflation Expectation released on Monday.