U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.

Inflation slowed to the lowest point in four years last month, but progress in reining it in will likely end there as higher tariffs start to push up the cost of consumer goods. The consumer price index climbed 2.

The improvement in inflation comes as President Donald Trump secures a couple of important trade deals. Consumer prices rose less than expected in April, with the pace of annual inflation falling to its lowest level since early 2021, the Bureau of Labor Statistics reported on Tuesday.

Inflation eased in April with drops in gas and egg prices, but ODU's Bob McNab warns tariffs could drive prices back up this summer.

The crypto market stood at $3.4 trillion as the Consumer Price Index (CPI) in April stood at 2.3% over the last 12 months, the Bureau of Labor Statistics reported on May 13. The Federal Reserve has set an inflation target of 2%. As per Kraken's price feed, Bitcoin was trading at $103,587 at press time.

Retail inflation in April is expected to have fallen to a six-year low of 3.27 in April, which will give the RBI the space to push for growth amid challenging domestic and international situations

Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. Economists expected price growth to pick up again amid deepening concerns about the impact of President Trump’s trade agenda,

The first inflation report since President Donald Trump launched his tariffs last month came out Tuesday, revealing prices rose less than expected, though the full extent of the tariff’s impact on consumers is still far from being captured from the data,