CPI and PCE inflation gauges show that price increases slowed in early 2025, but tariffs are still likely to drive a 'temporary rise in inflation' Don't get used to the decline in the U.S. rate of inflation to a four-year low. The rate of inflation based on the consumer-price index dipped to 2.3% in April from 2.4% in the prior month, the government said Tuesday. That marks the lowest level since February 2021. Yet inflation will probably rise, at least temporarily, even after the Trump administration reduced high tariffs, economists say. And that will complicate the Federal Reserve's decision on when - or whether - ... (full story)