U.S. inflation rose slightly by 0.1% last month, reaching a total increase of 2.4% on an annual basis, which was less than analysts had anticipated. Despite ongoing tariffs imposed by the Trump administration, the impact on consumer prices has been muted, with grocery prices contributing to the uptick. Experts noted that the restrained inflation offers a favorable backdrop for possible interest rate cuts by the Federal Reserve later in the year. Amid discussions on tariffs and their potential to influence economic conditions, analysts remain cautious, stating that the actual inflationary effects from tariffs are still unclear.