Overview

• US consumer price inflation dropped to 2.3% in April, its lowest level this year, continuing a three-month decline from 3.0% in January.
• Energy prices, including a 12% year-on-year drop in gasoline costs, were the primary factor behind the slowdown in headline inflation.
• Core inflation, which excludes volatile food and energy prices, held steady at 2.8%, indicating persistent underlying price pressures.
• The Federal Reserve maintained its key interest rate at 4.25–4.50%, resisting calls for cuts from the US government.
• Economists warn that inflation could rise in the coming months as recently announced US tariffs begin to influence prices more significantly.