And the war in the Middle East is to blame.

Higher inflation has persisted as rising prices pressure consumers.

The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war.

The CPI report shows inflationary pressures tied to the Iran war are seeping into consumer prices.

Consumer inflation in the United States hit a three-year high in April, government data showed Tuesday, with the economic fallout of the Iran war rippling through the world's…

The producer price index, which tracks the prices businesses pay, can be an early reading of what may trickle down to consumers.

Producer prices rose the most since December 2022 amid President Donald Trump's Iran war.

U.S. wholesale inflation came in hot last month.

And the war in the Middle East is to blame.