Inflation in the United States rose by 0.2% MoM in April 2025 from 0.1% MoM in March 2025 but below market expectations of 0.3% MoM. This was influenced by a 0.7% MoM increase in the energy index in April, where higher natural gas and electricity indices offset a decline in the gasoline index. Meanwhile, the food index fell to 0.1% MoM in April 2025. Core inflation, which excludes food and energy, rose by 10 basis points to 0.2% MoM in April 2025 from 0.1% MoM in March 2025. This increase was mainly driven by a 0.3% MoM rise in the rent index, which accounts for more than 50% of core inflation, up from 0.1% MoM in March 2025.