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US inflation rose to 3.8% in April, eroding Americans’ paychecks | CNN Business
For the first time in three years, Americans’ wages are no longer outpacing inflation.
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cnbc.com
Inflation reading Tuesday expected to show prices at nearly a three-year high
April's consumer price index, a broad gauge of goods and services costs across the U.S. economy, is forecast to reach an annual rate of 3.8%.
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edition.cnn.com
US inflation rose to 3.8% in April, eroding Americans’ paychecks | CNN Business
For the first time in three years, Americans’ wages are no longer outpacing inflation.
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Consumer prices rose 3.8% annually in April, the highest since May 2023
The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.
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axios.com
American workers' paychecks lag inflation for the first time in 3 years
American workers are now earning less in real terms, a threat to spending that has kept the economy humming.
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pbs.org
Inflation could hit 4% next month and stay elevated for rest of year, economist warns
The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which…