The average cost of a cooker swung from negative inflation in April (down 3.4% year-on-year) to positive inflation in May (up 2.3%), while inflation climbed higher for heaters and air conditioners.

WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation ...

Key Takeaways: U.S. inflation fell to 2.1% in April, the lowest since September. Core inflation hit a four-year low at 2.5% year-over-year. Consumer spending growth slowed amid tariff uncertainty.

The Personal Consumption Expenditures price index for April rose 2.1% on an annual basis, closer to the Fed’s target inflation rate of 2%.

Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures Price Index rose 0.1% last month after being ...

Friday’s inflation data is welcome news for the Fed, which is weighing the right time to continue cutting its benchmark interest rate from its current level of between 4.25 and 4.50 percent.

Falling gas prices helped offset some of the impacts of President Donald Trump's tariffs but an array of products like coffee ...

The Fed has generally overshot its inflation target over the last four years. Headline PCEPI has averaged 4.0 percent per year since April 2020, whereas core PCEPI has averaged 3.9 percent.

Economists expect that the CPI rose 0.2% on a monthly basis in May, according to FactSet’s consensus estimates. That would push the annual inflation rate to 2.5% in May from 2.3% in April.

A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped.

"Inflation is down, income is up, and the trade deficit just fell by the largest amount on record," she said, referring to the April advanced international trade deficit data, also published ...