Inflation Accelerates After Weeks of War in Iran (opens in new tab)

Consumer prices in the U.S. rose at the fastest rate since May 2023 last month, as sharp increases in energy costs caused by war in the Middle East made life more expensive for American consumers. The Consumer Price Index rose 3.8% in April from a year earlier, the Labor Department reported on Tuesday, up from a 2.4% annual increase before the conflict in Iran started in February and a 3.3% increase in March. The increase was driven largely by energy prices, up 3.8% just since the previous mo...