Pedestrians are passing in front of the Nasdaq MarketSite in Times Square, New York, USA. /Courtesy of Yonhap News Agency

Concerns about rising prices in the United States, which had been fueled by the tariff war sparked by Donald Trump, have eased for now.

On the 13th (local time), the U.S. Department of Labor reported that the Consumer Price Index (CPI) in April rose 2.3% compared to the same month last year, marking the lowest increase in four years.

In particular, compared to 2.4% in March, the pace of increase has slowed, falling below the forecast from Dow Jones experts (2.4%).

This is the first publicly revealed price index since U.S. President Donald Trump announced mutual tariffs earlier last month, indicating that the direct impact of the 'tariff war' appears to be minimal so far.

However, the market is assessing that the rise in prices is a foreseen future. Bank of America characterized the April figures as "an indicator showing the calm before the tariff storm."