Inflation in the US accelerated in April to its highest level in three years, driven by rising fuel and food prices as the economic fallout from President Donald Trump’s Iran war continued to weigh on household budgets.

US inflation, measured by the Fed's preferred PCE index, jumped 3.8% in April, the highest year-on-year rate since 2023. Get the details on rising US infla

The Iran war’s oil price shock drove the Federal Reserve’s preferred inflation gauge to 3.8% last month, its highest rate in nearly three years, new data showed Thursday.

America's inflation rate has reached a three-year peak. Higher energy costs are a major factor. This situation is expected to keep interest rates unchanged for some time. Tax…

Inflation in the US accelerated in April to its highest level in three years, driven by rising fuel and food prices as the economic fallout from President Donald Trump’s Iran war…

Inflation of 3.8 per cent in April was the highest since May 2023 amid high petrol prices and food costs.

Inflation rose for the second consecutive month as the Iran war drove up gas prices.

Heightened petrol prices led the inflationary pressures, with prices that jumped 5.5 percent in April.

A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and…

"If an economic policy will make life harder for American families, you can count on President Trump to try it," said one leading House Democrat.