U.S. Inflation Surpasses Three-Year High Amid Rising Prices Across Multiple Sectors
The U.S. consumer price index (CPI) rose by 0.6% in April, pushing the annual inflation rate to 3.8%, its highest level in nearly three years. While energy prices are a concern due to geopolitical tensions, rising costs also emerged across sectors like housing and insurance.
Topics: consumer prices CPI energy crisis inflation