Inflation spikes to 3.8 percent in April, higher than expected

Inflation Rose To 3.8 Percent In April As Gasoline Prices Slowed And Iran Ceasefire On ‘Life Support’

By Robert Romano Consumer prices popped up to 3.8 percent annual growth in April, according to the latest data compiled by the U.S. Bureau of Labor Statistics, amid a continued increase of oil-based energy including gasoline and fuel oil amid the Iran war. After increasing 21.2 percent in March as the U.S. and Israel engaged in major combat operations, gasoline prices’ growth slowed to 5.4 percent in April amid the President Donald Trump’s Pakis…

Inflation Rises to 3.8% Making Life More Unaffordable for Families

Inflation skyrocketed in April to the highest rate in three years as the Iran war caused oil shortages and increased energy prices worldwide. The cost of goods and services rose 3.8% in April, compared to a year earlier, the U.S. Bureau of Labor Statistics (BLS) reported on Tuesday. The cost of energy rose 3.8% in the month of April, following a 10.9% surge in March. The nearly 15% rise in the cost of energy over the past two months accounts for…

Inflation spikes to 3.8 percent in April, higher than expected

The annual inflation rate shot higher in April as the war in Iran drove up energy and food prices, according to data released Tuesday by the Labor Department. The consumer price index (CPI), a popular gauge of inflation, rose 3.8 percent over the past 12 months and 0.6 percent in April alone, according to the...

Inflation Is Spiking but It’s Nowhere Near Biden Levels

The bad news is consumer prices are up 3.8% year-on-year. Most of this is driven by the Iran war, and should dissipate when it ends. Even so, it’s useful to compare where we were four years ago: The post Inflation Is Spiking but It’s Nowhere Near Biden Levels appeared first on Unleash Prosperity.