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

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.

US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.

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.

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.

India's headline inflation eased to 3.16% in April, the sixth consecutive month of decline. The reading was lower than March's data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters.