Food prices rose 2.8%, while energy products were 3.7% cheaper in April than twelve months earlier.

The U.S. consumer price index (CPI) stood at 2.3% year-over-year in April, a slowdown of one-tenth of a percentage point since March, the Department of Labor's Bureau of Labor Statistics reported Tuesday.

For its part, the underlying index, which excludes food and energy prices from its calculations due to their greater volatility, closed the fourth month of 2025 with an increase of 2.8%, unchanged and the lowest level since March 2021.

Thus, food prices rose by 2.8%, while energy products were 3.7% cheaper in April than twelve months earlier.

In monthly terms, the headline CPI variable emerged from negative territory, rising 0.2% compared to the previous decline of one-tenth, while the core CPI rose one-tenth to 0.2%.

The April readings could determine the normalization of monetary policy by the U.S. Federal Reserve (Fed), as the overall data would indicate an unblocking of inflation, but not underlying inflation.

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