US inflation surged to 3.8% in April, its highest level in nearly three years
Gasoline prices jumped 28.4% from a year earlier, and energy costs drove 40% of the monthly increase, the Bureau of Labor Statistics said.
- The Bureau of Labor Statistics reported Tuesday that inflation rose 3.8% annually in April, with prices increasing 0.6% between March and April, exceeding the Dow Jones consensus by 0.1 percentage point.
- Fighting in the Middle East has snarled tanker traffic in the Strait of Hormuz, pushing inflation to its highest level in almost three years as energy costs surged across the economy.
- Energy prices accounted for 40% of the monthly increase, while air fares jumped 2.8% as Americans faced higher travel costs.
- President Trump announced on Monday that his administration would suspend the federal gas tax—18.4 cents per gallon for regular gas and 24.4 cents for diesel—"for a period of time."
- Mark Zandi, chief economist at Moody Analytics, expects inflation to accelerate through the summer before falling to 3.3% by year-end, as higher energy costs ripple through groceries and manufactured goods.
79 Articles
79 Articles
Inflation Surges to 3.8% on High Gas Prices
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department reported Tuesday that its consumer price index rose 3.8% from April 2025, per the AP . That's above expectations of 3.7% and a sharp uptick from last month's...
Up 0.6% from previous month · In line with forecasts… "Energy drives 40% of the increase" Beef 2.7% · Airfares 2.8%… Burden of living costs widens. Correspondent Kim Yeon-sook = The annual growth rate of the U.S. Consumer Price Index (CPI) last month hit a three-year high.
US consumer inflation jumps as Iran war sends energy prices higher
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer price index rose 3.8 per cent from April 2025, according to data released on Tuesday. On a month-to-month basis, April prices rose 0.6 per cent from March as petrol prices rose 5.4 per cent during the month; the month-over-month gain was down from 0.9 per cent increase from February to March. Labor Departm…
Star Tribune
US consumer prices jump as Iran war sends energy prices rapidly higher
U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.
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