On May 13, 2023, the U.S. Bureau of Labor Statistics released a report showing that the overall CPI in the U.S. increased by 2.3% year-on-year in April 2025, lower than the market expectation of 2.4%, marking the lowest level since February 2021; it increased by 0.2% month-on-month, showing an improvement compared to March. The core CPI increased by 2.8% year-on-year, in line with expectations, and increased by 0.2% month-on-month, meeting market expectations.