Washington: US consumer price inflation eased slightly in April, reaching its lowest level since February 2021, surpassing expectations as the significant tariffs imposed by President Donald Trump took effect.
According to Qatar News Agency, the US Department of Labor reported that the Consumer Price Index (CPI) fell to 2.3 percent in April compared to the previous year, just below the 2.4 percent recorded in March. This represents the smallest 12-month increase since February 2021, and was slightly lower than the average forecasts based on economist surveys.
The department noted a 0.2 percent increase in inflation compared to the previous month, with more than half of this rise attributed to a 0.3 percent increase in housing costs, and a 0.2 percent rise in food and energy prices, which had risen by 2.8 percent over the past 12 months.