Recent reports indicate that US consumer prices rose slightly in April, with an annual inflation rate hitting 2.3%, the lowest since 2021. Despite predictions of rising inflation due to new tariffs imposed by the Trump administration, the immediate effects appear muted, with key sectors such as grocery prices experiencing their largest drop in nearly five years. However, economists warn that the full impact of the tariffs has yet to be felt, raising concerns for the coming months. The Consumer Price Index (CPI) report showed a smaller-than-expected increase of just 0.2% for the month, leading to a cooling trend in inflation, though analysts remain cautious about future price pressures. The situation remains fluid as consumers navigate both an easing of current inflation and the looming threat of higher costs driven by tariffs.