Inflation cooled but egg prices soared in March, before Trump's tariff escalation

Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump's recent escalation of tariffs. The reading came in lower than economists expected.

Even as overall cost hikes slowed, egg prices soared 60% higher than a year prior. Bird flu has decimated the egg supply, lifting prices higher.