US consumer inflation rises to 3.8% year-on-year in April as Iran war sends energy prices soaring
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
US consumer inflation rises to 3.8% year-on-year in April as Iran war sends energy prices soaring
Consumer prices in the United States reached a three-year peak in April. This surge is linked to the economic impact of the Iran war. Energy prices saw a significant jump, contributing to the overall rise. Food prices also increased. Core inflation, excluding food and energy, also climbed. Policymakers are working to stabilize prices.
