The new CPI report showed annual inflation sped up to 3.8% in April, the highest rate since 2023. Higher energy prices due to the Iran war are affecting consumer prices. Prices at the pump are having unequal effects on consumers,

The surge in energy prices is likely driving inflation to the highest in three years, nearing a 3.8% reading ahead of new numbers to be released on Tuesday. Soaring oil prices from the Iran war have

Consumer prices continued to surge in April, led by higher energy prices, the government said on Tuesday. Why it matters: The April report shows that inflationary pressures tied to the Iran war are seeping into consumer prices,

Inflation rose five-tenths of a percentage point to 3.8% for the year ending in April, the Bureau of Labor Statistics reported Tuesday, as disruptions to the energy market from the Iran war added to underlying price pressures.

An inflation report on Tuesday will provide a fresh gauge of prices as the Iran war ratchets up costs for gasoline, airfares and other expenses. Economists expect consumer prices to have risen 3.8% in April,

Inflation accelerated in April to an annual rate of 3.8%, the highest since May 2023, as the Iran war pushed up energy costs and raised prices across the economy. Economists predicted inflation would jump to 3.

Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran. The figures, reported Tuesday by the Labor Department, surpassed the previous month’s reported increase of 3.

Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.