Inflation rose by 2.3% in April, CPI report shows. Here's what it means.
Inflation rose by 2.3% in April, CPI report shows. Here's what it means.

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve’s 2% annual goal.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's claim about inflation rising by 2.3% in April is partially supported, but the year is inconsistent across sources. The statement about the Federal Reserve's 2% goal is generally accurate. There's a slight negative slant due to the focus on inflation still being "higher" than the target.
Detailed Analysis:
- Claim:** Inflation rose by 2.3% in April.
- Verification Source #4: Supports that the Consumer Prices Index (CPI) in the UK rose by 2.3% in April 2024. However, the CBS Money article refers to April 2025 and the US CPI. This is a potential discrepancy.
- Verification Source #1: Mentions the Consumer Price Index for April 2025 but does not provide the specific percentage increase.
- Verification Source #5: States that the June 2024 CPI rose by 3.0%.
- Claim:** The CPI report was cooler than expected.
- This is a subjective statement and cannot be directly verified by the provided numerical data. It implies a prior expectation, which is not explicitly stated in the provided sources.
- Claim:** Inflation is still higher than the Federal Reserve's 2% annual goal.
- This is generally accepted as true based on internal knowledge and widely reported economic news. None of the provided sources directly contradict this, although they don't explicitly state the Fed's target.
Supporting Evidence/Contradictions:
- Verification Source #4: Supports the 2.3% inflation figure, but for the UK in April 2024, not the US in April 2025 as suggested by the CBS Money article title.
- Verification Source #1: Confirms the existence of a Consumer Price Index report for April 2025, but doesn't provide the inflation rate.
- Verification Source #5: Provides inflation data for June 2024, which is not directly relevant to the April 2025 claim.
- The claim about the Federal Reserve's 2% target is supported by general economic knowledge, but not explicitly verified by the provided sources.