April Inflation Comes In at 2.8%, Lowest Reading Since 2021

The Bureau of Labor Statistics reported that the Consumer Price Index rose 2.8 percent year-over-year in April 2026, the lowest inflation reading in nearly five years and slightly below analyst forecasts of 3.1 percent. Grocery prices fell for the third consecutive month while shelter costs, which have been the most stubborn category, rose just 0.2 percent in the month.