Key Points
- The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021.
- However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists.
- Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during the month from March to April, according to CPI data.
