Inflation Rate Slipped to 2.1% in April, Lower than Expected, Fed’s Preferred Gauge Shows

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday.

The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%, the lowest of 205. The monthly reading was in line with the Dow Jones consensus forecast while the annual level was 0.1 percentage point lower...

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