Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.

The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.

German inflation eased further to 2.2% in April, the federal statistics office said on Wednesday, confirming preliminary data.

The inflation rate in Spain decreased to 2.20% in April from 2.30% in March, meeting estimates. The Consumer Price Index in Spain increased 0.60% in April over the previous month. Core consumer prices in Spain increased 2.40% in April over the same month in the previous year.

A new report showed inflation eased in April but it may be the last good report the country sees before the impact of President Trump's tariffs hit the economy. NBC News' Christine Romans explains more.

Spain's European Union-harmonised 12-month inflation rate remained at 2.2% in April from the period through March, final data released by the National Statistics Institute, or INE, showed on Wednesday.

Inflation slowed to the lowest point in four years last month, but progress in reining it in will likely end there as higher tariffs start to push up the cost of consumer goods. The consumer price index climbed 2.

The crypto market stood at $3.4 trillion as the Consumer Price Index (CPI) in April stood at 2.3% over the last 12 months, the Bureau of Labor Statistics reported on May 13. The Federal Reserve has set an inflation target of 2%. As per Kraken's price feed, Bitcoin was trading at $103,587 at press time.