US Inflation Seen Picking Up in April With Modest Tariffs Impact

US inflation likely accelerated in April after an unexpected cooldown the previous month, with higher tariffs on Chinese goods in particular starting to impact prices.

The consumer price index is seen rising 0.3% from March after declining in the prior month, according to the median forecast in a Bloomberg survey of economists. A core metric that excludes the often volatile food and energy categories advanced at a similar pace, based on the consensus.

Most forecasters say Tuesday’s report by the Bureau of Labor Statistics will show the first signs of the punishing tariffs implemented on China last month as well ...