US inflation jumps to 3.8% in April, highest in nearly three years, as war in Iran disrupts economy
New Delhi, May 12 -- Inflation in the United States surged to 3.8 per cent in April, marking the highest level in roughly three years, as the war in Iran causes ripple effects across the US economy, data released on Tuesday showed.
Inflation rose broadly in line with economists' expectations overall. Compared with the previous month, consumer prices increased by 0.6 per cent. The Bureau of Labor Statistics noted that core inflation, which excludes food and energy costs, also increased by 0.4 per cent as compared to March.
Prices increased across categories, including household furnishings, airline fares, personal care, clothing, and education. Meanwhile, costs for new vehicles, communication services, and medical care declined in April....
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