US Inflation Slows to Lowest Level Since February 2021

Shelter and energy account for much of the monthly consumer price index increase.

People shop for groceries at a store in Mount Laurel, N.J., on Feb. 5, 2025. Samira Bouaou/The Epoch Times

The U.S. annual inflation rate eased in April to its lowest level in more than four years, even as President Donald Trump’s tariffs began to extend throughout the U.S. economy.

According to the Bureau of Labor Statistics, the annual inflation rate declined to 2.3 percent in April from 2.4 percent in March. This represented the third consecutive monthly drop and the lowest reading since February 2021.