Inflation rose slightly less than expected in April despite the arrival of President Donald Trump's sweeping international tariffs early in the month, according to a Bureau of Labor Statistics report on Tuesday.

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.

Inflation retreated again in April on the back of lower prices for consumer staples like groceries and gasoline, and other items such as used cars and clothing. The consumer price index, a key inflation gauge, rose 2.3% in April from 12 months earlier, down from 2.4% in March, the Bureau of Labor Statistics reported Tuesday.

The Bureau of Labor Statistics' latest consumer price index report showed that inflation ticked slightly higher in April as tariffs begin to have an economic impact.

Headline consumer price index (CPI) inflation for April was 2.8%, slightly higher than March’s 2.7%, Stats SA has

Canada's Consumer Price Index (CPI) growth slowed significantly in April. CPI fell to 1.7 per cent last month, following a 2.3 per cent increase in march. Despite that sudden cooldown, it was slightly higher than the 1.6 per cent predicted by economists before the announcement from Statistics Canada.

As inflation continued to cool in April, hitting its lowest level in over four years, shelter costs remained sticky, strongly contributing to the latest Consumer Price Index (CPI) reading. The index for shelter rose 0.

The Bank of Canada will also release its preferred core inflation measures, which aim to strip out volatile price swings for a clearer view of underlying trends. In March, the BoC’s core CPI CPI rose 2.2% from a year earlier.