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.

US consumer prices rise less than expected in April CPI posts smallest year-on-year gains since February 2021 Grocery prices retreat; shelter, car insurance costs rise

Broken down by category, some of the sectors most impacted by tariffs saw a price decline from last month, including apparel and used cars and trucks.

Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to U.S. tariffs on imports from China, where most of its devices are assembled, the Wall Street Journal reported on Monday.

According to the paper's sources, Apple wants to avoid saying the price is increasing because of tariffs. Apple has long relied on Chinese manufacturers to build the iPhone. Altho