US faces rising costs with Iran war driving energy prices, inflation higher

Consumer prices spiked in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.

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United States consumer prices have risen for the second consecutive month, marking the biggest annual increase in almost three years, as energy prices surged on the back of the US-Israel war on Iran.

US consumer prices rose by 0.6 percent in April after a 0.9 percent increase in March, according to the Bureau of Labor Statistics consumer price index (CPI) report published on Tuesday.