Inflation was relatively mild in April. But possible price increases due to tariffs could lift prices in coming months.The ...

Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.

Still, the new forecast is below the 2025 COLA of 2.5% and the average COLA over the past 20 years of 2.6%. It would be the lowest since 2021, when the increase was 1.3%. COLA is not a raise, but ...