April 2026 Inflation Rises to Highest Level in Nearly Three Years
In April 2026, the U.S. consumer price index (CPI) increased by 3.8% year-over-year, up from 3.3% in March, driven largely by rising oil prices due to conflict with Iran. The war has caused spikes in gasoline and airfare costs, creating a 'double squeeze' on consumers.
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Topics: consumer goods inflation Middle East conflict oil prices