US inflation hits three-year high in April as Iran war fuels energy price surge
- Posted on May 28, 2026
- By Business News Today
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- 1 min read
US inflation hits three-year high in April as Iran war fuels energy price surge
America's inflation rate has reached a three-year peak. Higher energy costs are a major factor. This situation is expected to keep interest rates unchanged for some time. Tax refunds are temporarily boosting spending. However, economists anticipate a slowdown as the tax season concludes. Consumers are facing rising prices across various goods and services.
