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Annual inflation rate in April hits lowest level since 2021, but still higher than Fed's goal

Name: Annual inflation rate in April hits lowest level since 2021, but still higher than Fed's goal
Uploaded: 2025-05-13T19:36:00-0400
Duration: 3 min 5 s
Description: The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.

The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.