Annual inflation rate hit 2.3% in April, less than expected
1. April inflation slightly lower than expected, at 2.3% annualized. 2. Core CPI rose 0.2%, below forecasted 0.3% increase. 3. Shelter prices contributed significantly to inflation rise, up by 0.3%. 4. Energy prices rebounded with a 0.7% gain after March's decline. 5. Trump tariffs remain uncertain, potentially impacting future inflation.