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US inflation jumps to 3.8% as Iran war lifts energy prices higher
International
Published on 12 May 2026
Energy-linked costs surge enough to move CPI fast
US consumer inflation rose to 3.8% year-on-year in April, up from 3.3% in March, aligning with expectations. The US Bureau of Labor Statistics said the jump reflects economic spillover from the Iran war, with energy prices playing a key role. The data signals tighter pressure on prices even as growth worries simmer globally.
- US CPI rose to 3.8% year-on-year in April
- Inflation accelerates from March’s 3.3% reading
- Iran war fallout is driving higher energy costs
- Moves in line with market expectations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times