Event overview
Inflation surges to hottest level in nearly three years as Iran war raises prices
Inflation heated up in April to the hottest level in three years as the Iran war drove energy prices higher, and started to filter through the economy. This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include The New York Times, New York Post.
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CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran
The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
Inflation surges to hottest level in nearly three years as Iran war raises prices
Inflation heated up in April to the hottest level in three years as the Iran war drove energy prices higher, and started to filter through the economy – likely keeping the Fed on hold when it comes to interest rates. The Consumer Price Index jumped 3.8% in April over the past 12 months – higher than an expected 3.7%.