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The Economic Times

Global Business / The Economic Times

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US inflation hits three-year high in April as Iran war fuels energy price surge

America's inflation rate has reached a three-year peak. Higher energy costs are a major factor. This situation is expected to keep interest rates unchanged for some time. Tax refunds are temporarily boosting spending. However, economists anticipate a slowdown as the tax season concludes. Consumers are facing rising prices across various goods and services.

28 May 2026 6:22 pm