#CryptoCPIWatch The Consumer Price Index (CPI) report for the United States for April showed that inflationary pressures had eased during the first month in which a number of tariffs announced by President Donald Trump were implemented, indicating a relative slowdown in the pace of price increases.

The latest data released by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index rose by 2.3% year-on-year in April, down from a 2.4% annual increase in March, and lower than economists' expectations of a 2.4% annual increase.

On a monthly basis, prices increased by 0.2%, compared to a 0.1% decline in March, which was a better result than the expectations that indicated a monthly increase of 0.3%.

When looking at the core inflation rate, which excludes the most volatile prices such as food and energy, prices in April recorded an increase of 0.2% compared to the previous month, which is higher than the 0.1% increase in March, but still lower than analysts’ expectations of 0.3%. Year-on-year, core prices rose by 2.8%, the same rate recorded in the previous month, in line with expert forecasts.

This report comes less than 24 hours after the strong rise seen in the markets, following the announcement of a 90-day trade truce between the United States and China, where the two countries decided to suspend a large number of tariffs.