Core CPI inflation was its most moderate level since early 2021, but Goldman Sachs economists project it will increase to 3.7% by December, far above the 2% target.

Policymakers and economists say the latest data is only a temporary reprieve as tariffs could stoke higher inflation.

Inflation slowed in March as gasoline, used car prices dropped. Trump paused many of his largest tariffs for 90 days but others are taking effect.

Consumer prices unexpectedly declined from a month earlier, while a fall in gasoline prices pushed the energy index lower.

U.S. inflation further cooled in March, with the consumer price index (CPI) increasing 2.4% and beating economists’ expectations. On a

Underlying U.S. inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures. The consumer price index, excluding often volatile food and energy costs,

Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday, down from 2.8 percent in February. That is the lowest inflation figure since September.

The consumer price index fell in March, but President Donald Trump’s tariff agenda and the specter of a global trade war threaten to reverse progress.

Inflation slightly eased in March, just before President Donald Trump's sweeping tariff announcement sent Wall Street spiraling, wiping out trillions in market value before a temporary tariff pause.The consumer price index (CPI) fell 0.