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Inflation spikes in April

The Hill · May 12, 2026, 11:13 PM · Also reported by 4 other sources

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Link copied by Sylvan Lane - 05/12/26 7:13 PM ET Link copied.
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 new Labor Department data.
Economists expected the annual inflation rate to rise to 3.7 percent, according to consensus estimates, after hitting 3.3 percent in March.

Why this matters: political developments that affect policy direction and public trust.

Link copied by Sylvan Lane - 05/12/26 7:13 PM ET Link copied. 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 new Labor Department data.

Economists expected the annual inflation rate to rise to 3.7 percent, according to consensus estimates, after hitting 3.3 percent in March.

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Fast Company Inflation surges to 3.8% in April as the war in Iran spikes gas and food prices Investing.com German inflation confirmed at 2.9% in April CNBC Here's the inflation breakdown for April 2026 — in one chart Bloomberg Markets US Inflation Driven Higher in April by Gasoline, Food

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Inflation spikes in April

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