Inflation Approached 3-Year High In April As Energy Prices Soared

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Inflation rose steadily in April as soaring energy prices once again ballooned consumer prices, according to federal data released Friday, the latest report showcasing the economic pressures of the Iran war on Americans.

Consumer prices rose 3.8% from April 2025 and 0.6% between March and April, the Bureau of Labor Statistics reported, exceeding consensus analyst estimates of an annual 3.7% increase.

That’s the highest annual growth rate since May 2023 (4%).