Inflation rose to its highest level since 2023 in April. What got pricier?
ET Americans already struggling with affordability saw prices rise again in April, as surging oil costs stemming from the Iran war kept driving up prices at the gas pump and impacted supply chains for other goods. The Bureau of Labor Statistics' consumer price index, its measure of inflation, revealed prices rose 0.6% from March to April and were up 3.8% from a year ago. Those readings came in above forecasters’ expectations and mark inflation's highest level in nearly three years.
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