BREAKING: U.S. Inflation Falls to 2.3% in April, Lowest Since 2021

The reading beat economists’ forecasts and strengthens the case for potential Fed rate cuts later this year.

Key Highlights:

Shelter costs rose 0.3%, contributing more than half of the monthly CPI gain.

Energy prices increased 0.7%, driven by higher natural gas and electricity costs.

Food prices declined 0.1%, with a notable 0.4% drop in groceries.

Core inflation (excluding food and energy) rose 0.2% month-over-month and 2.8% year-over-year.

Several major categories saw price declines, including airfare, used vehicles, apparel, and communication services, indicating easing cost pressures across discretionary and durable goods.

This report marks a turning point for inflation watchers and bolsters market optimism around a more dovish Fed stance, especially amid growing political and economic pressure to stimulate growth.

Source

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