U.S. Inflation Rises in April as Iran Conflict Drives Up Gas Prices
In April, U.S. consumer prices rose again, driven by surging oil costs due to the ongoing conflict in Iran. The Bureau of Labor Statistics reported a 0.6% increase in the Consumer Price Index from March to April, with a 3.8% rise over the past year. Gas prices saw a significant 5.4% increase over the month, contributing to the overall inflation. The cost of energy, shelter, and food also rose, while prices for new vehicles and medical care declined. The war in Iran has disrupted supply chains, affecting the cost of various goods, including groceries and housing. 
