The Hill
US · 2 hrs ago
◉ Centre
Inflation spikes to 3.8 percent in April, higher than expected
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Accuracy 35/100
Partisan intensity 45/100
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◉ Centre ⚠ Misleading headline
US inflation rose to 3.8% annually in April, exceeding forecasts, with the summary attributing the increase partly to a 'war in Iran' affecting energy and food prices.
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…
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