US Inflation Accelerates as Gas, Rent and Food Prices Climb

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The consumer price index rose 3.8 percent from a year earlier, exceeding wage growth and increasing the strain on US shoppers.

The conflict in Iran has continued to escalate, with hits on key oil and gas refineries across the region.

The conflict in Iran has continued to escalate, with hits on key oil and gas refineries across the region. (Pexels)

US inflation accelerated in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers.

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