US inflation surged to 3.8% in April, its highest level in nearly three years

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh

SINGAPORE – Stocks started the Asian session on the back foot on Wednesday, May 13, with talks between Washington and Tehran at a standstill as hotter-than-expected US inflation underscored the growing economic toll of the Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6%, down for a second day as South Korean shares fell as much as 3.2% before rebounding. The South Korean market has been on a tear in …

Inflation report highlights rising costs, gas prices amid Iran War

A new inflation report Tuesday shows inflation climbing to 3.8% year over year, driven by surging energy costs and the ongoing Iran War, according to economists.

Gas prices fuel 3.8% rise in inflation as cost of war hits home

The rising price of gasoline fueled a 3.8% jump in inflation last month, as the cost of the war in Iran began hitting home in Virginia.

Inflation surges to its highest level in almost 3 years

Energy prices, driven by the war with Iran, accounted for more than 40% of the monthly increase as annual inflation reached 3.8%

Live markets: Bitcoin briefly falls below $80,000, as stocks tumble, yields rise on ugly inflation print

Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report.

Inflation Rises to 3.8 Percent, Driven by Energy Prices

Inflation increased 0.6% in April, with an overall rate of 3.8% over the last 12 months, according to new data from the U.S. Bureau of Labor Statistics. The energy industry remained a key driver of the inflation increase, rising by 3.8% in April. Energy prices were responsible for more than 40% of the overall monthly item increase, largely due to gas prices.