US consumer prices are expected to have increased in April, with economists anticipating a more pronounced impact from higher tariffs over time. This has led to growing consumer apprehension about inflation and the economy.

The pace of inflation slowed in April, the month that Donald Trump announced his sweeping “liberation day” tariffs on the US’s largest trading partners. The annual inflation rate was 2.3% in April, down from an annual rate of 2.

Following the release of April's weaker-than-expected inflation data, President Donald Trump renewed his public calls for the Federal Reserve to reduce interest rates. Using a social media post to make his case,