The Consumer Price Index (CPI) was 2.3% higher than a year ago, the Bureau of Labor Statistics said Tuesday, below the economists’ expectations of 2.4% and the previous reading. The monthly gain was 0.

CPI shows the 2% inflation target nearing, hinting at possible Fed rate cuts. Explore key market reactions and what this means for your investments.

T oday's consumer price index data for April came in below estimates, even as Trump tariffs ramped up. The inflation pictures is a bit less crucial for markets than it would have

Inflation continues to ease on trend. The Consumer Price Index rose 0.2% in April, a touch softer than expected but still a rebound from March's unexpected decline. The temperate gain reduced the year-over-year rate by a tenth to 2.3%, which is the slowest pace since early 2021).

Core CPI, which excludes volatile food and energy prices and is seen as a better measure of underlying inflation trends, was up 0.2% from March to April and 2.8% year over year. The monthly figure ...

Measures changes in consumer prices, a key inflation indicator. • 8:30 AM ET - Core CPI (MoM) (Apr): Expected 0.3%, Previous 0.1%. Tracks consumer price changes excluding volatile food and energy sectors.

Prices of tobacco and smoking products in the U.S. rose 7.1% in April compared to a year ago on an unadjusted basis. The cigarette category was 8.5% higher for the month. Overall, core inflation was up 2.

CPI report delivered the best of both worlds. There were few signs of tariffs igniting a widespread pickup in goods prices, while the downward trend in services inflation intensified. A repeat of March's quiescent figures will be hard to come by in April.