U.S. consumer prices rise in April, with the annual inflation rate reaching 3.8%, the highest level in almost three years, according to data released by the U.S. Labor Department’s Bureau of Labor Statistics. Multiple outlets report that inflation accelerates compared with March, when the rate was 3.3%. The broad shift in the drivers of prices centers on energy costs, which climb following developments in the Iran conflict and contribute to higher fuel and related categories. One report notes that higher energy prices replace tariffs as a key influence on the inflation rate, though the articles focus mainly on energy-driven increases. In addition to the year-over-year figure, at least one outlet reports that prices also increase by 0.6% in April alone. Overall, outlets characterize the April CPI release as coming in above expectations and as reflecting an upward movement in the rate of inflation, driven largely by energy and also affecting other areas such as food. The figures are presented as the latest read on inflation trends for U.S. consumers.
U.S. CPI rises 3.8% in April as Iran war boosts energy prices
U.S. consumer prices rise in April, with the annual inflation rate reaching 3.8%, the highest level in almost three years, according to data released by the U.S. Labor Department’s Bureau of Labor Sta...
- U.S. CPI increases in April, with the annual rate rising to 3.8% year-on-year.
- April’s 3.8% annual inflation rate is higher than March’s 3.3%.
- Energy prices are a primary contributor to the increase, tied by outlets to the Iran conflict.
- Prices also rise over the month, with one source citing a 0.6% increase in April alone.
- The April CPI data are described across outlets as the highest inflation level in nearly three years and as higher than expected.
The consumer price index (CPI) rose 3.8 per cent year-on-year, up from March's 3.3 per cent figure, the US Bureau of Labour Statistics (BLS) said.
3 months agoThe consumer price index (CPI) rose 3.8% year-on-year in April, up from March's 3.3% figure.
3 months agoThe consumer price index increased X.X% in April from a year earlier as higher energy costs raised a range of prices for Americans.
3 months agoThe 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...
3 months agoU.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
3 months agoThe Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
3 months ago
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