The Economic Times

US consumer inflation rises to 3.8% year-on-year in April as Iran war sends energy prices soaring

Consumer prices in the United States reached a three-year peak in April. This surge is linked to the economic impact of the Iran war. Energy prices saw a significant jump, contributing to the overall rise. Food prices also increased. Core inflation, excluding food and energy, also climbed. Policymakers are working to stabilize prices.