In April 2025, U.S. inflation was lower than expected, with the Consumer Price Index (CPI) increasing by 0.2% for the month and 2.3% annually. This marked the lowest annual inflation rate since February 2021. Economists had forecast a 2.4% annual increase. While this may seem like good news, some analysts warn that the effects of President Donald Trump's tariffs may not be fully reflected in the data yet and could cause prices to increase in the coming months.