Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years

Date:

A man uses a gas station in Columbia, Md., on May 17, 2023. Madalina Vasiliu/The Epoch TimesConsumer prices accelerated for the second straight month in April as the war in Iran added to renewed inflationary pressures.The annual inflation rate rose to 3.8 percent from 3.3 percent in March, according to new Bureau of Labor Statistics data released on May 12.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Treasury Debt Buybacks Might Be More Than $4 Billion, Bessent Says

Treasury Secretary Scott Bessent said on Aug. 20 that...

Australia Passes Law Forcing Big Tech to Pay 2.75 Percent of Revenue for News

The federal government’s revamped News Bargaining Incentive has passed...

Oil Prices Rise as Middle East Tensions Fuel Supply Fears, US Escalates Pressure on Iran

Oil prices rose on Aug. 20 as investors assessed...

Buying May Not Beat Renting Until Retirement in Some Expensive Markets: Zillow

For a typical U.S. household, it can take decades...