US inflation surged to 3.8% in April, its highest level in nearly three years
Core inflation rose 2.8% and gasoline jumped 5.4% in April, suggesting energy costs are not yet spreading broadly, the Labor Department 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.
157 Articles
157 Articles
Inflation Rises To Highest Level In Three Years
Inflation reached its highest rate under President Donald Trump’s second term, ticking up 0.6% in April, for a one-year pace of 3.8%, according to data released Tuesday by the Bureau of Labor Statistics. The 3.8% annualized rate is the highest inflation mark since May of 2023, when it came in at 4% and was on its way down from a 40-year high under former President Joe Biden. Experts expected April’s inflation report to come in at 3.7%. Energy …
US inflation has risen to 3.8 percent in April, the highest level in three years. The main reason is the enormous increase in fuel and energy prices. Now, US President Trump wants to suspend the fuel tax.
Inflation jumps again as it continues to eat up wage gains
U.S. 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% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4% during the month; the month-over-month gain was down from a 0.9% increase from February to March. Labor Department figures show gasoline pri…
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