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US Inflation Driven Higher in April by Gasoline, Food

Bloomberg Markets · May 12, 2026, 12:56 PM · Also reported by 4 other sources

US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a

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US Inflation Driven Higher in April by Gasoline, Food

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