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US inflation eased slightly in April, reaching its slowest annual pace since early 2021 at 2.3 percent. However, economists predict a resurgence in prices due to President Trump's trade tariffs. While the April figures are positive for the Trump administration and the Federal Reserve, policymakers anticipate a price acceleration in the coming months as import taxes impact consumer goods. Core inflation, excluding food and energy, remained steady at 2.8 percent year-over-year.

Prepared by Christopher Adams and reviewed by editorial team.