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US inflation dipped to 2.4% in March, the lowest since September, driven by falling gas, airfare, and hotel costs. Core inflation also decreased to 2.8%. However, economists warn this is backward-looking and that President Trump's tariffs, though partially paused, will likely boost inflation in the coming months. The monthly price actually fell 0.1%, the first drop in nearly five years. Rising grocery and egg prices, along with the lingering tariffs, counter the recent decrease, creating economic uncertainty.

Prepared by Christopher Adams and reviewed by editorial team.