Inflation is getting closer to the Federal Reserve's 2% target.

Here are the key points to know ahead of this morning's consumer-price index: This is the first CPI report that will capture the economic volatility sparked by President Trump's April 2 "Liberation Day" tariff announcements.

Prices for other foods declined in April. Inflation in the fresh fruits and vegetables group dropped by 0.7%, with lettuce and tomato prices both down by over 6%. Dried beans, peas and lentils, however, were up by nearly 6%, underscoring the volatile nature of food prices.

Investors were bracing for a clear sign of tariff-related pricing pressure in the April consumer inflation report, but consumer prices remained tame in Tuesdays

2.4%) in the month of April. Supercore CPI ... Mills dives into the details of the inflation report and data on consumer prices. To watch more expert insights and analysis on the latest ...

The “core” inflation measure, which strips out food and energy, was up 2.8% in March, and analysts expected that rate to have persisted in April. On a monthly basis, the core reading was ...