Inflation in the United States fell by one-tenth in April, to 2.3% year-on-year.

WASHINGTON.- This Tuesday the The Bureau of Labor Statistics (BLS) reported that the U.S. Consumer Price Index (CPI) eased to 2.3% year-over-year in April, a decrease of one-tenth of a percentage point compared to March and the smallest increase in the index since February 2021.

This figure is lower than expected by analysts, who had hoped to see the effects of President Donald Trump's tariff war reflected in the trade war . Trump agreed to a truce with China on Monday, lowering his tariffs to 30% from 145% in pursuit of a lasting trade agreement.

CPI for all items rises 0.2% in April; shelter up https://t.co/dJyJeKlXDJ #CPI #BLSdata

— BLS-Labor Statistics (@BLS_gov) May 13, 2025

Month-over-month inflation increased by 0.2%, after a 0.1% decline in March, which could represent the first possible indication of the future impact of tariffs, according to experts.

The housing index increased 0.3% in April, accounting for more than half of the monthly increase.

Core inflation , which excludes fuel and food prices due to their volatility, remained at 2.8%, the same rate as March, considered the lowest level since March 2021.

The energy index also increased in April, rising 0.7%, driven by higher natural gas and electricity prices, which offset the decline in gasoline prices.

Food prices, on the other hand, fell 0.1% in April compared to a 0.4% increase in March, marking the largest drop in this index since September 2020.

This was due to a 0.4% decline in household goods, driven primarily by a 12.7% drop in the egg index. Prices for meat, poultry, fish, and eggs fell 1.6% in April, after having increased in recent months.

Indexes that increased during April included home furnishings, health care, motor vehicle insurance, education, and personal care products.

Meanwhile, among the prices that decreased month over month were airfares, used cars and trucks, and clothing.

The Federal Reserve's Open Market Committee (Fed) decided last week to keep interest rates unchanged in the 4.25-4.5% range, where they have remained since the December 2024 cut.

You might also be interested in : “ 90-day pause in the tariff war between China and the US .”