The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war.

April inflation data is widely expected to show it has risen to a nearly 3-year high when the Consumer Price Index is released Tuesday.

Inflation hit a nearly three-year high in April. Prices for the goods Americans buy most are still going up, while consumer sentiment keeps falling.

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher

The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war.

Inflation continued to accelerate in April amid an ongoing climb in gasoline prices driven by the Iran war and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier,

On a month-to-month basis, April prices rose 0.6 percent from March as gasoline prices rose 5.4 percent during the month

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department reported Tuesday that its consumer price index rose 3.8%