Reported 1 day ago
US consumer prices are projected to increase in April, marking a potential acceleration in inflation as companies begin to pass on the burden of higher tariffs imposed by the Trump administration. The core consumer price index is expected to rise by 0.3%, following a minimal 0.1% increase in March. While current reports indicate limited pass-through of tariffs, economists are wary of a growing inflation impact over time. This comes alongside consumer anxiety regarding the economy and retail sales projections for April, which are anticipated to show little growth amidst cooling demand.
Source: YAHOO