Inflation is cooling -- but Trump's tariffs could upend things

Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain could push prices higher in the months to come.

Apr 10, 2025 - 19:33
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Inflation is cooling -- but Trump's tariffs could upend things
Falling gasoline prices helped keep inflation in check last month.  AAA says the average price of regular gas nationwide is $3.22.

Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain could push prices higher in the months to come.

(Image credit: Jim Watson)