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It's not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas
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- U.S. consumers are blaming the Iran War for the recent inflation surge.
- The consumer price index climbed 0.6% in April on a seasonally adjusted basis, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics reported Tuesday.
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U.S. consumers are blaming the Iran War for the recent inflation surge. But data shows prices are rising in more areas than just energy.
The consumer price index climbed 0.6% in April on a seasonally adjusted basis, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics reported Tuesday. Annual inflation is now advancing at its hottest clip in nearly three years.
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