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US inflation jumped to 3.8% in April as war with Iran continues to drive up prices

By The Guardian May 12, 2026 Neutral
US inflation jumped to 3.8% in April as war with Iran continues to drive up prices
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023