US inflation dropped to 2.3% annually in April, lowest since 2021, amid falling gas and grocery prices.

In April, US inflation eased to 2.3% annually, the lowest since February 2021, thanks to drops in gasoline and grocery prices. Monthly prices increased by 0.2%, driven by higher housing and energy costs. Analysts warn that tariffs could increase prices in the coming months. Egg prices fell 12.7% but are still 49.3% higher than last year.