U.S. consumer prices rebounded moderately in April, but inflation is likely to pick up in the coming months as tariffs boost the cost of imported goods. The consumer price index CPI increased 0.2% last month after dipping 0.

U.S. consumer price inflation eased again last month, suggesting little impact from President Donald Trump's tariff regime heading into the second quarter. The Commerce Department pegged its headline Consumer Price Index for April at an annual rate of 2.

Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.