{"id":579811,"date":"2026-05-12T12:42:13","date_gmt":"2026-05-12T12:42:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/579811\/"},"modified":"2026-05-12T12:42:13","modified_gmt":"2026-05-12T12:42:13","slug":"inflation-rose-to-3-8-in-april-highest-level-in-nearly-3-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/579811\/","title":{"rendered":"Inflation rose to 3.8% in April, highest level in nearly 3 years"},"content":{"rendered":"

Inflation surged to 3.8% in April, its highest level in nearly three years, according to data released Tuesday, as the war in Iran causes a ripple effect across the economy and energy prices surge.<\/p>\n

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The overall rise in inflation was in line with what was expected by economists. On a month-over-month basis, inflation rose 0.6%.<\/p>\n

Core inflation, which excludes food and energy costs also rose 0.4% from the month prior, the Bureau of Labor Statistics said.<\/p>\n

As inflation continues to accelerate, it\u2019s eating into Americans\u2019 wages at a rapid clip<\/a>.<\/p>\n

The pace of wage gains has been slowing over the past two years. In November, wage growth continued to rise at a pace of almost 4%. By March, that had fallen to 3.4%.<\/p>\n

April\u2019s inflation rate is now rising faster than wages, which could exacerbate the affordability crisis that has already been gripping consumers.<\/p>\n

As of Tuesday morning, the price of oil had risen more than 70% since the start of the year and the average price of a gallon of gas was $4.50. <\/p>\n

Still, energy prices may not have yet fully hit prices.<\/p>\n

\u201cEnergy costs likely would not start to feed through to core goods prices for at least a few more months,\u201d Citigroup said in a note to clients on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation surged to 3.8% in April, its highest level in nearly three years, according to data released Tuesday,…\n","protected":false},"author":2,"featured_media":579812,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-579811","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/579811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=579811"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/579811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/579812"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=579811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=579811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=579811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}