​US CPI May - US-China tariffs remain uncertain

2025-06-11
Summary:

U.S. Labor Dept reported April inflation below expectations; consumer prices lowest since Feb 2021 due to Trump tariffs.

US CPI May


11/6/2025 (Wed) 


Previous: 2.3%  Forecast: 2.5%


Inflation was slightly lower than expected in April as Trump's tariffs just began hitting the slowing US economy, according to a Labor Department report Tuesday, though shelter prices were still sticky.


The reading hit its lowest since February 2021. While it was tame, US tariffs are a wild card in the picture, depending on where negotiations go between the Trump administration and major trade partners.


Economists suspect that even with the easing of the 145% reciprocal tariffs against China, inflation numbers could perk up again in the summer months.

CPI

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