Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. Overall consumer prices increased 2.

Inflation cooled dramatically in March, but don’t expect a repeat performance in April’s data. Economists surveyed by FactSet expect that inflation held steady at 2.4% year over year in April, as measured by the consumer price index,