Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts

The latest consumer-price index is expected to show prices rose 2.4% in the 12 months through April, the same rate as a month earlier. Check out below how inflation has tracked in recent years:

Because it's based on third-quarter inflation, it's impossible to predict the 2026 COLA with any degree of accuracy. Because of the ongoing tariff back-and-forth, as well as a generally slowing U.S. economy, the inflation rate on the back end of the year is more uncertain than it usually is.

Federal Reserve Vice Chair Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained it will cause "at least" a temporary increase in inflation.

Today’s inflation report was a positive one for Wall Street—but professional investors say it is too soon to gauge how President Trump’s trade policy has impacted prices. “Bottom l

Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.

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.

On a month-to-month basis, inflation bounced back in April, driven by core services and to a lesser extent by utility natural gas and electricity. Click to read.