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US inflation jumps to 3.8% as energy costs surge from Iran war
Key takeaways
- Archie Mitchell Business reporter Getty Images US prices rose in April at their fastest rate since May 2023 as the impact of the war in Iran was increasingly felt by consumers.
- A jump in the cost of gasoline and groceries pushed the consumer price index (CPI), the amount prices jumped by in the past 12 months, to 3.8%.
- It is the highest level since inflation hit 4% three years ago.
Why this matters: an international story with cross-border implications worth tracking.
Archie Mitchell Business reporter Getty Images US prices rose in April at their fastest rate since May 2023 as the impact of the war in Iran was increasingly felt by consumers.
A jump in the cost of gasoline and groceries pushed the consumer price index (CPI), the amount prices jumped by in the past 12 months, to 3.8%.
It is the highest level since inflation hit 4% three years ago.
Article preview — originally published by BBC World. Full story at the source.
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