The U.S. consumer price index rose 0.2% month over month in April, compared to expectations of a 0.3% rise and following a 0.1% decline in March.

On an annual basis, headline inflation rose to 2.5% in April, up from 2.4% a month ago, the Bureau of Labor Statistics said.

The increase was attributed to higher gasoline and shelter prices.

Excluding food and energy, the CPI rose 0.1% month over month in April. In annual terms, core inflation rose to 2.1%.

Yields for 10-year Treasurys slipped to about 2.962% as of 8:41 a.m. ET. The Bloomberg dollar spot index was down 0.31% to 92.756 as of 8:32 a.m. ET.