Preliminary US CPI for April

In April, the U.S. CPI increased by 2.3% year-on-year, lower than the expected 2.4%, and has been lower than expected for the third consecutive month. The previous value increased by 2.4%; the core CPI in the U.S. increased by 2.8% year-on-year in April, meeting expectations, with the previous value increasing by 2.8%. The CPI report shows that ticket prices, used car prices, and clothing prices have decreased, but furniture and appliance prices, which mainly rely on imports, have increased. The impact of tariffs on inflation remains uncertain, as businesses may wait until their inventories are depleted before passing on costs, and the Federal Reserve has decided to keep interest rates unchanged due to this uncertainty.