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Inflation is at a three-year high — and now many Americans are burning through their savings | CNN Business
High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report showed Thursday.
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fortune.com
Gas is up 51% since February. Americans just started buying less of everything else | Fortune
Real wages shrank in April for the first time in three years. Two-thirds of consumers are pulling back. The stock market didn't get the memo.
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cnn.com
‘I’ve never felt poor before’: Inflation and higher gas prices are stretching workers to their limit | CNN Business
Kris Massey stood at a jeweler’s counter last month, hoping to sell a couple of her grandmother’s gifted pieces to possibly cover some bills.
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apnews.com
Key inflation gauge worsens, eroding Americans' income and spending power
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances.
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edition.cnn.com
Inflation is at a three-year high — and now many Americans are burning through their savings | CNN Business
High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report…
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War-driven price shock sent April inflation to highest level in nearly three years | CNN Business
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.
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abcnews.com
Key inflation gauge worsens as Americans shell out more for gasoline
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances
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independent.co.uk
Key inflaton gauge worsens as Americans shell out more for gasoline
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances
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thestar.com
Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON (AP) — A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President…
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economictimes.indiatimes.com
US inflation hits three-year high in April as Iran war fuels energy price surge
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…
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timesofindia.indiatimes.com
US key inflation rises to 3-year high as fuel, food costs squeeze households
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…
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scmp.com
US key inflation gauge worsens, eroding Americans’ income, spending power
Inflation of 3.8 per cent in April was the highest since May 2023 amid high petrol prices and food costs.
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Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows
Inflation rose for the second consecutive month as the Iran war drove up gas prices.
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axios.com
Americans are spending faster than their income is growing
There's new evidence that suggests households are increasingly drawing down savings to support their spending.
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aljazeera.com
US inflation surges to three-year high amid tensions with Iran
Heightened petrol prices led the inflationary pressures, with prices that jumped 5.5 percent in April.
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pbs.org
Key inflation gauge worsens as Americans' income and spending power erodes
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…
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cnbc.com
Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks
As inflation starts outpacing wages again, Americans have less money to put aside for emergencies and other savings goals.