U.S. inflation edged up in April, less than forecast, defying predictions that tariffs would push prices up at a faster rate.
The consumer price index rose 0.2 compared with the previous month, the Department of Labor said Tuesday. Economists had forecast a 0.3 percent increase following a 0.1 percent decline in March.
Compared with a year ago, consumer prices are up 2.3 percent. That is the lowest inflation reading since February of 2021.
Core prices, a measure that excludes food and energy prices, rose 0.2 percent compared with March. Over the past 12 months, core prices are up 2.8 percent.
